Your counter offer could be a 2 part deposit.

$500 when buyer signs contract

balance at this date or event

Make sure that the combination of the 2 covers the agents deposit and the date happens before the event that triggers the agents commission being payable.

D

Thanks guys

Much appreciated.

You can get $5m 80% of total development costs without presales but is going to cost you 11-13% depending on the lender.

I don't do anything with presales but have seen several clients have issues with them, it is not the presales themselves per se it is just that the loans that require them tend to have lots of conditions and I have seen them move goal posts mid development and it gets messy.

Better question for a broker really.

Hi Macca

Trusts evolved in England 500 years ago (ish).

It is possible to use Australian structures to own your units in the UK trust.  

The legal structures are very similar but the tax treatments, rates etc are all different.

My Cousin owns  

http://www.charltonbaker.co.uk/

a Chartered accountancy firm in the UK.

If you outline a few more detail of what you are trying to acheive here, I will answer what I can and then run it past him to answer more here.

Thanks Terry

We charge $1500, don't charge if it doesn't go through.

Timeframe depends on how busy the practice is.  I have been running at a week or 2 lately but have employed an additional solicitor today so will be back to a day or 2.

regards

Company is not usually a good idea for property holding.

Make sure you have an extensive unit holder/ shareholder/ JV agreement

sounds interesting

I have had quite a few clients run Toowoomba properties past me for similar developments.  None have progressed yet as the figures haven't added up for them, but that doesn't mean that this one doesn't.

Is there a land component in that?

What is the JV agreement like.

Are they using partitioning so that you end up with the townhouse in your own name/entity without stampduty CGT GST implications or is it that you are able to buy it at that price and then you will be losing out on return by having to pay those items.

Yes,

 Both for my self and clients.  Sometimes and option contract scares the seller and in those circumstances we just use a heavily amended standard REIQ contract with lots of conditions and a long settlement.  

Hi Nathan

A lawyer who does options would be the best bet.  

I have mutual clients with Shahin and his clients do rave about him.