Forum Replies Created
how can you do these as you are suggesting, when:
1. tiling labor cost just to tile an area where a standard bathtub was removed , I was given two quotes by tilers for $1500 and $1900?2. plumbing labor cost just to close off kitchen drainage, faucets, install new sinks, faucets, install new dishwasher and new oven and cooktop , I was charged $750 for which the plumber thinks it was a bargain? These were done without moving any of the plumbing placements/sites during a kitchen reno.
3. plumbing labor and material cost to replace tub and drain of bathtub, by making a hole in a brick sidewall and covering it up afterwards with a painted metal, cost me $550.
4. Ikea kitchen install for a small U shaped kitchen around 3 sq. meter size with base and wall cabinets was $2430
5. rangehood install was $600; electrician labor for this ktchen reno was $1124 ( almost did the same thing as the plumber did) ; tiling of kitchen wall only $650 ( and this was crappy workmanship, I was told , with uneven messy grouting and this is the cheapes quote, that is why, i was told );
Unless you have a group of mates as tradespeople, I dont think your statements are achievable in the real world.
The plumber rebuked me for trying to ask for a reduced price.
I read somewhere in the internet, that tradespeople will charge you whatever they think you can afford, even if they are mistaken about how much you can afford. As soon as they looked at your home or as soon as they know you are renovating your kitchen, or as soon as they know you live in a well-off suburb ( even if you are only low income, surviving, scraping along and you had bought your home way back when it was still cheap and you can be just lucky that your home /suburb has appreciated and you are now c onsidered ' asset-rich, – by luck, and cash-poor", they dont care, they will charge you what they think you can afford, they will not care whether you can actually afford it or not. You have to wait for some rare tradeperson who will not be dumb enough to assume about your financial position and really see through , to get an affordable quote.
Thanks for your helpful replies.
TerryW, how can withdraw the offer? please tell me the steps to do this, I am here in perth; deposit is not pais yet. Please tell me the details of the steps of withdrawing the offer with a view of either a. to withdrawq completely from these purchase. b. to making changes to the contract with the intent of going ahead with the purchase if all is positive. Can you tell me the possible pro and cons of either options 1 or 2?
I asked the WA consumer protection office, their advising officer told me that there are only two ways I can get out of this purchase: 1. that there is no contract legally 2. a court order. I am now looking around for legal advice. I have not received any documents yet from the agent and therefore does not the exact details of the offer document and its conditions that we have signed.
I have just found out that the agent has excluded the conditions which will require the seller to rectify any structural defect on building inspection by not ticking it and just ticking the other condtions which was initialed by my son.( The purchase is in my son's name), Again, she was in a hurry, and refuse to allow me to read these changes.
thanks a lot , Alfi. So if have not paid any deposit yet, it means I can email the agent that I am withdrawing from this purchase and they cannot hold me legally liable for suing. Is this right?
Thanks, Alfi. is the signed offer and acceptance document the sale contract itself or is there another actual sale contract besides the signed offer and acceptance document?
thanks a lot , Paul Dobson for your helpful reply. the real estate agent told me on the phone last night that the vendor has accepted, but I still have to receive and see the signed offer document. If this verbal communication of acceptance thru the real estate agent is binding, the cooling off period will start tomorrow, Monday. If this is the case, based on your info/advice above, do you mean I can still withdraw from this purchase withing this cooling off period which begins tomorrow?
Just forget about this topic post I had started. I now have decided to look in Ellenbrook . I now want to close this post. Thanks anyway , even if nobody knows or replies.
add:
7. a 2 bedroom units in Como, Mount Lawley, with corporate levy
8. a 1 bedroom units in Claremont, Mosman Park with corporate levythanks terryw, all of you have been very helpful. I think I have all the information I need to do this. Thanks to all.
thanks again xdrew, terryw and streaminvesting.
To anyone: when should we prepare this informal loan document, before purchasing the property ( after making the offer to buy the property or even during the search for the property to buy ) , during purchase, during settlement or after purchase/settlement. Can this informal loan document be drawn anytime as long as we know how much I am going to lend to my son?
made a mistake, terryw, inserted the quote without making any post .
re: mortgage document , who should prepare this, a lawyer, or a settlement agent?
If I dont want my son to pay any interest and capital payment (with loan only be repaid upon his future sale of the property), can I include this as terms of the mortgage? What important terms or details should be included in the mortgage document if my purpose is just to help him buy his first home and also to protect his interests in case of future marriage breakdown ( so that he will not lose his property or lose half of it) ? I also want to retain my capital investment in his home, but may gift him parts of it as needed.
thanks terryw, for your provided information on the mortgage option. What are the pros and cons of a mortgage vs. an informal loan agreement with formal loan document? Additional helpful advice or knowledge from you would be much appreciated.
Thanks for your advice, xdrew. Can you clarify what is an 'informal private family loan" is? Is there a formal private family loan, then?. If I choose to have this informal private family loan but with a formal loan document drawn by a lawyer, when should this loan document be prepared, before, during or after the purchase of the property?
Kindly confirm whether I understood you correctly, – this informal private loan agreement with a formal loan document by a lawyer will not be registered on the property title.
So there are two ways of doing this: 1. informal private family loan agreement with formal loan document ( not registered on the property title) or 2. mortgage ( registered on the property title) . From your statements, it is implied that both of these two will not affect future refinancing arrangements. Kindly correct my understanding if I am wrong on this.
If you have any more knowledge to share, can you mention the pros and cons of each of these 2 options? Thanks so much for this help.
Thanks Esselle for helpful info. Where can I find information on state housing areas in Midland /Stratton? Is this available from Landgate or the local shire councils?
