Grreg,

The REIV contract notes have allocated space for both the details of the lender and the amount of finance being borrowed to be specified. However, I believe there have been instances where this information was (deliberately???) omitted. Which of course would be a legal no-no (I’d imagine).

I’d guess that the purchaser in your scenario,…[Read more]

Hey!!!! Watch it bucko!!!! [laugh4][laugh4][laugh4]

(Pssst…Bennido; I won’t tell our little secret if you don’t okay???) [winking][winking][winking]

Hi Kaloni,

Yes Chelsea is one of those lovely bayside suburbs next to Seaford, but a fair bit more costly.

It is an older but very well established area, with great beachfront homes.

Definitely worth considering!!!

Jo

P.S. Kaloni, I have sent you a PM with further details.

Misty,

I would give this a great deal of thought, and personally dismiss it.

Ever heard of the Privacy Act??? Unless you tell them what the pictures are for (as Pepper said) you could get yourself into deep water. And if you don’t tell them (as some here may imply) fun or no fun, it won’t cut it with the authorities!!! Don’t think the law…[Read more]

Aussie, I’m shocked….shocked2] I nearly fell off my seat when I read your post….I’ve NEVER known you to bite at ANYONE!!!!!

You feeling okay hon??? [tongue]

Jo

Hey Misty,

Maybe you could get them to pose back to blank wall, standing on a chalk line and holding up one of those number plate thingies!!!! Saves time as they won’t have to bother about it when they are officially charged and taken to the lock-up!!!!!

Gotta love ya Misty; you’re a card!!!! [laugh4]

Jo

Point taken; my mistake….I have edited my post accordingly.

Originally posted by brahms:
As such Jo, I accept the challenge, a ‘sure deal’ at $10k less is better for the realtor (and most possibly the vendor!!!) – its a commercial decision when compared to extended settlements/conditions whereby other interested parties drift off and find other places to the detriment of securing secondary offers and…[Read more]

Exactly right Brahms,

An offer is useless and of absolutely no value whatsoever, and as a seller I would pay little (if any) heed of such a claim in my REA came to me with such a notion.

As for the gazumping, as an outsider looking in, it obviously did not occur because either one of two factors (a) it was the only offer, and or (b) it was the…[Read more]

Sorry to hear the bad news Richmond; it’s nasty thing to happen especially if you have your heart set on it. Oh well don’t worry, I’m sure an even better deal will come along, and it has your name on it!!!

Maybe you should have tried making your offer based on the promise of not being gazumped; it seems to work for some!!!

Jo

P.S. Sorry…[Read more]

It’s okay Kim, not all of us in here are so suspicious. I think it was just the “win/win” thing that raised a few concerns, but most people in here wouldn’t give it a second thought. No one is suggesting anything untoward. And I ACTUALLY READ your post which suggested that the $78,000 was figure given to you by Centrelink and NOT what you were…[Read more]

Originally posted by kay henry:
a verbal agreement by the REA not to gazump, and their knowledge that I am serious about the purchase is the way I do these transactions. Just trust on both sides- that I will purchase, and that they won’t gazump.

Spoken like a true investor!!! Must try that trust thing, see how it stacks up against money….I…[Read more]

WayneL, you saying I’m full of bull???? [lmao][lmao]

Just kidding…lucky bulls got thick skin hey?? [laugh4][laugh4]

Yeah go on fess up….who loves little ol me???? [inlove] [laugh4][laugh4][laugh4]

Nah…seriously, I love the game, hence the choice of name; I have 6 different versions of the game, and hope to acquire many more (games as well)!!!! [lmao]

I have never taken part in the championship, and until recently didn’t know they existed; but AM VERY…[Read more]

No Bennido I don’t.

I tend to like to take both the Contract of Sale and the Section 32 to whoever I approach at the same time.

Subject to solicitor approval (in Victoria) is useless, but most people (thankfully for the vendors peace of mind) are unaware of this.

For most straight-out purchases, I tend to favour a conveyancer, but if there are…[Read more]

Bennido,

It only weakens your offer because the vendor may think “nope too hard” and will accept the offer of another bidder who has no “subject to” clauses or at most one, maybe two.

Obviously the more “subject to” clauses, the more the vendor will be fearful of the sale falling through, and as such may reject it to avoid the…[Read more]

Rodie,

My advice to you would be don’t buy into any asset unless the boundaries of your relationship are fully established and you have proper legal counsel behind you. Separation/divorce is messy and people have been liable for the ex-partner’s liabilities long after they have parted ways. There are many ways to reliniquish responsiblity,…[Read more]

Kim,

Forget the value in this lady’s OWN HOME, and concentrate ONLY on the INHERITED property for a minute.

If the value of it is in the mid 100’s as you state, there should not be an issue. She can sell it, and still not lose any of her entitlements.

Oh and yes, I do agree, professional legal advice would be best. I understand what you were…[Read more]

Hi Kim,

“Her own home” is not counted. When on any centrelink payment, if asset tested, the payee’s home is never taken into consideration, it is only assets outside of that, i.e. car, boat, IPs, shares etc.

What is the estimated value of this inherited property???

Jo

What I think is not necessary is the BA, but it’s your money, and who am I to tell you how to spend it????

If you intend to buy other properties, my advice would be, wherever possible, do the homework yourself; you will learn something and save money.

Jo