There are a few companies doing staging in Adelaide, Ian Foggo seems to be geared towards upmarket properties:http://locationmakeover.com.au/Charyn youngson featured on Today tonight recently: http://www.charynyoungson.com/

It varies from lender to lender, but 14 days is a good rule of thumb guide if everything goes to plan.

I would be more concerned about a property that had no protection against termites. If there is no structural evidence of termite damage, why would you want to cool off?

There is no penalty for being late on finance approval, I'd suggest 3 weeks, but I'm sure the finance brokers on this board may disagree. Importantly your settlement date needs to be met, as penalties can be incurred if you run late.

If multiple offers are received (unless it was stated there was a tender deadline) the council may likely make a decision, rather than lose a good offer(s) through delay. Realistically you have close to 2 weeks up your sleeve, probably upto a week before a decision is made, a few days before you meet to sign the formal contract, your cooling off…[Read more]

You already seem to have read between the lines. The council will want to sell for the highest price, with the biggest deposit, and minimal conditions (finance, building inspections, settlement etc)I can't tell you how much to offer not having seen the facts, however, if the asking price is heavily discounted (below market price in its current…[Read more]

Playful Pan wrote:
I noticed that newly listed properties appear at the top of the list when you first see the listings page. I was even thinking of changing the copy daily. Wondering whether changing the copy would put the listing back at the top of the list.

Changing the copy daily will not bump your listing to the top of the list. You can…[Read more]

lizzie0185 wrote:
HiBoth my partner and i are looking to buy our first home/investment property. We are going to occupy the residence for a couple of years, try and pay as much as we can off it then rent it out. We are both new to this so i would like some advice.

Quote:
Here are my questions:Do i pay body corporate fees on torrens titles…[Read more]

If the mortgage and title is in your fathers name, you will not get the FHOG

Tony B wrote:
Good luck & keep renting.

Regardless of the FHOG, I'd be encouraging people to get off the rental roundabout, Pretty Basic Tony.

Worst case scenario, you could be liable for any loss incurred by the seller, ie the difference between your contract price, and the price the apartment can now be sold for. (if any) This assumes the seller will take legal action, which often doesn't happen.I would have a solicitor take a look at the contract, it's often surprising how many…[Read more]

Assuming the contract is subject to finance, a finance declination letter will likely get you out of trouble, and avoid any legal action from the vendor.

The bank set a reserve, they have a responsibility to achieve as close as possible to market price after having an independent valuation done. Whilst you can often pick up a bargain, you are unlikely to purchase at 30% off.If reserve is not reached, the banks will often place the property on the market at a set price.

Scamp wrote:

hoping2doitright wrote:
Its not as simple as calling the bank unfortunately, how do i get to the right people

It really is that simple. Just call the local bank in the town ( or close to it ) where your house is, then ask them where the mortgage-guy of the bank is. Usually they are in the local office ( 1 or 2 guys specializing…[Read more]

Obvious huh?  Well what is also obvious is your freind cannot sell you the property for less than it owes, because it simply cannot settle unless the mortgage is discharged.  If you don't like that answer you're living in fairyland.

If you are purchasing the home for less than is owed on the mortgage to the bank, it's highly unlikely the bank will accept the offer.  The bank in the process of taking posession of the property, will have it independently valued. Unless your offer clears the mortgage, don't bother, wait for the auction.

ormeau wrote:

Skip101 wrote:

Scamp wrote:
Put off your rose-colored glasses please.

1 million dollar properties selling for $500,000? I think you may be losing some credibility here.

Mc Graths Hill comes to mind…………….

Sorry, a quick scan of properties on the market and also properties sold at McGraths Hill is not showing price…[Read more]

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here are taking there own advice and swooping in to prop up there portfolio before the market jumps…[Read more]

ItalianDragon wrote:
Have a look at this recent news from New Zealand:http://tvnz.co.nz/view/page/411749/1843300Now, how would you describe that?

Real Estate Institutes exist to provide positive spin for their members, so I'm not that surprised, any more than I doubt the spin pushed by the REI here in Australia.

Scamp wrote:
How long do you think it will take for Real Estate agents to find out they can earn more money by driving prices DOWN than up ? The updriving has worked for a while. It was a perfect time for them. Now, that has come to a halt, RE agents aren't selling houses anymore , therefor not getting commisions, therefor not getting any MONEY.…[Read more]