actually i think it would be good for the young people, who may have 8 years or more of supperannuation, but lets say if you over 50 and you gonna retire in 15 years, i dont think it would be ideal, unless you are willin to work longer or if the pension is still around in the next 15 years.

But i do see it opening up a can of worms and may be a great idea to help people get there first home, but could create more problems instead.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

quote:

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I have just received a pest report from a property I was going to purchase.
The report states that there are termites in a couple of trees in the back yard, no nest was found and the house is not affected.
Has anyone experienced this problem before?
What would you do?

matt

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Hi uncivlized,

For me personally, i have only had this problem once, if there is signs of termite activity which can be stopped and controlled, i will set out in my contract the usual, subjected to pest inspection, if there is a case of termites. i will contact my solictor to get in contact with the vendor solictor and stipulate a clause that will ask them to fixs up the termite problem. At their expenses, if they wish for this settlement and contract to continue. But some places i have looked at have had termite problems and ive had to terminate the contract immediatly.

Properties with termite problems are much often harder to sell as the person who is seekin or wanting to purchase your property will want a fair and hefty discount or negotiated price.

hope this helps

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

quote:

---

I was told by the real estate agent that on acceptance of my offer I would need to put down 3% deposit, and she said this was a standard amount.

I didn’t have to put in another 7% in 7 days, the 3% is my deposit right up until settlement.

-Ian

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Nearly on all my settlements i have only ever put down $200 – $1000 (actually one of my settlements, i had to leave my drivers license there till i came back with some money), but this is set into my clause and is right up to settlement.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

By the way man, ask Michael, i remember him telling me something that his Dad bought and put a cash deposit of 2k down for an apartment in the city that was currently being built, and was not gonna be finished for at least 3 or more years anyway, with that i dont know what the deal is, but i only remember him saying that they had to put down a 2k deposit.

catch ya later man
jeff

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

lol

I was just able to call up one of there offices and the sales lady told me “We have positive cashflow properties here, she also thinks some of the properties are gonna more than double in price”

With the exchange rate, ive been lucky enough to put a few deposits on some properties that i think will have some great potenital, i think this will have better cashflow than the bus shelters, that were on offer earlier this year

Well im off to Western Union to transfer some money over.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

i have basic strategies and there workin fine,

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

Hi Sam,

Welcome to the forum, and an excellent way to introduce yourself.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

lol, i did the same too….

cheers
s.i.s

Thanks Mortgage Hunter

cheers
s.i.s