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  • Profile photo of mimimiamimimia
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    @mimimia
    Join Date: 2008
    Post Count: 8
    February 3, 2009 - 10:58 pm

    Thanks for your response Herb,i read your previous post last December when you were going to buy in Nerang and  you said yourself you are a new investor. That doesn't mean when you have been through this process you can't still make mistakes or that you deserve disrespect for making what can be an exremely difficult decision. Poor Boshy has had the same treatment as me.
    I purchased both other properties with finance,but both contracts and this one were vastly different in their conditions to the others.My other ones were subject to financial approval but my last property had a vendor that was so relaxed about the whole situation,there is nothing 'usual' or 'normal' about contracts.
    Therefore noone really has this right to comment on 'what they don't know' do they? i never asked anyone to pass judgement on my RA,the jibe was my own opinion.
    Your question was not answered directly because i had a ream of advice from all of the lovely people on this link that satisfied my requirements i.e i was justified in my worry.
    So to the people who spared their time and thoughts….Thank You.
    Il let you know how i go.

    Profile photo of mimimiamimimia
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    @mimimia
    Join Date: 2008
    Post Count: 8
    February 3, 2009 - 6:39 am

    Thanks Herb for your feedback,no need to highlight,i came here because i realised(before it was too late) i had made a bad decision.
    What you don't know is that i was strongly advised by a trusted professional who is friends of the family to go unconditional on my loan.Also, the real estate agent who im dealing with has been instructed by mail by both the vendor and my solicitor because he has been harrassing me and my husband and nearly lost us as buyers and has actually lost previous buyers of this property due to his behaviour.Calls to me at 7.45am to urge me to go to my solicitor that morning even though we told him i couldnt make it for 4 days,calling me on sunday afternoons to call his vendor a 'cocksucker'  and an '85year old aresehole' for not wanting a strata inspection,abusing my solicitor verbally on the phone for insisting on a strata inspection even though there was one done just 2 months prior.Maybe you think this behaviour is ok judging from what you wrote to me?
    Unlike you herb, im not  "a new investor" i have got 2 other properties and have never had this experience before,i have also used the same solicitor and broker so both are trusted.I have been very successful and happy with my dealings with all these people. But not anymore.
    Also,i never blamed the real estate agent or anyone else for my decision,i blamed only myself.But thanks again for highlighting the STUPID bit.
    May i remind you that this forum is supposed to be a place of support and advice…so forget about giving me your thoughts unless it is going to be anything but that THANKS.

     

    Profile photo of mimimiamimimia
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    @mimimia
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    Post Count: 8
    February 2, 2009 - 10:54 pm

    Thanks Boshy,what a nightmare! but it all turns out good because now i have the real estate agent calling me at 7.45pm wanting to 'just ask a question',im avoiding his calls as there is nothing for us to say to each other-it is all in the hands of solicitors. I am eagerly awaiting valuation now because im sure they will undervalue the property,i have spoken to another MB and she said CBA are notorious for doing so,in which case we will adjust our contract to $25 000- $20 000 less :-) and start the whole game again,and in the meantime keep looking at other units and making offers there. If they say no to our lower offers then BYE BYE give us our deposit back,and the real estate agent also looks like the uncouth,unprofessional he is. Weeeee! NOW we playing the real estate game!
    Good luck to you,when it comes to money noone is your friend.Play hard-ball.

    Profile photo of mimimiamimimia
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    @mimimia
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    Post Count: 8
    February 1, 2009 - 11:11 pm

    Ok guys,ive got to say a HUGE thankyou first of all,i got on to my solicitor this morning and the emailed the real estate agent last night and reversed my decision to exchange-the contract is still in transit in the post (thank God).
    My first decision was to tell them to go to hell-we will wait for finance,then my broker strongly advised me to go ahead,so,stupidly i did.Lesson learned….
    We did go to a solicitor first of course- we needed strata reports etc and she only said that the decision is up to us,i feel we are getting bad advice from all fronts and that this little situation has illuminated that for us :-(. Thank goodness for propertyinvestor.com.
    However,T…. i will be giving my Broker a peice of my mind,as well as my solicitor and the real estate agent.
    Also,because i may be dropping my broker like a hot stone-what financial group is giving the best deal at present?
    We have a deposit of $220 000 and are looking to borrow around <$380 000.Variable essential,normal doc loan?
    Also,what is an LVR?

    MANY thanks
    Mia

    Profile photo of mimimiamimimia
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    @mimimia
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    Post Count: 8
    January 31, 2009 - 7:11 am

    Thanks Mick,that eases my mind a little,i am fairly confident il get finance one way or another but the rigmarole scares me.I was inclined to wait until i had approved finance but i was advised by my broker to exchange-that these things are standard practice.Im a fairly conservative decision maker so was hesitant.Lets see how it goes…..i never know who to trust in these situations.

    Profile photo of mimimiamimimia
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    @mimimia
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    February 8, 2008 - 3:32 am

    Thank you guys! i am employed in the same industry as my business. Can you give me any info on the sort of info and proof of income /employment i will need to provide my lender in preparation of loan application.
    regards…

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