Forum Replies Created
Thanks Simon .
It seems fair enough for such a practice in commercial sector as you explained. In my preious loan application for my RIPs, no one ask or even mention to me such a thing.
But there is a clause which is uneasy for me to accept comfortably. I have no idea how other applicant feels :
“We agree to pay xxxx of the abovementioned fee if the finance is approved (conditionally or otherwise) and I/We do not proceed.”
Are every client happy to pay the fee even the bank approved conditinally ,may be quite different from his application and he decide not to eat this bitter egg ?
Cheers,
Nickelbenas name
I tell you my way. Do some research on the internet, called the agent and talked to him/her . Prepare a short list and fly down to australia stay for a couple of weeks & rent a car to comb out the area where you intend to buy . Check out other property at its neigbour with a sale sign on it,call the agent on the spot to check the price. If you buy for rental income,check the nextdoor how much he rent it for. THis is neccessary for the first buy in that area. Do not totally rely on an agent, you have to do your home works.
