Go and see another Solicitor. Serve The Real Estate Agent, Your Solicitor, The Vendor, AND Their Solicitor with a writ and sue the lot of them. Make sure your Writ includes Damages for Stress, Lost Interest on the funds, Interest Payable, etc; Someone will cough the cash and perhaps they all will. You have a case against all of them so why not?…[Read more]

Originally posted by audrey123:
Hi All,

Trade Practices Act affects alot of people, so think about lenders, insurance salespeople, lawyers, accountants etc, they all have a fiduciary duty to look after your best interests.
Hands up who has a horror story of an agent? I know alot of people do, and it shouldnt be that way. The law says they are not…[Read more]

Here’s a tip: Always leave some meat on the bone for the other Fellow (or fellowess) in the negotiation. It makes it easier and you can still get a fantastic deal…

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

Step one – get a copy of his current Baycorp Credit File. It will cost him $23.00 OR about 3 weeks for nothing. Review it. Find out how much money he went Bankrupt for. Assess your Risk Accordingly.

Step Two – If you decide the risk is worth it consult your Solicitor and have him draw up the Contract for the lease option. In this he should…[Read more]

I now have to question why you would spend $125/month on Phone and Interweb combined in order to obtain cheap Phone Calls which when you read the fine print aren’t all that cheap or that good, when you have the option of spending $79/month with Vodaphone, Telstra or Optus and getting $500 worth of 60c/minute phone calls on a mobile which you can…[Read more]

Originally posted by Mortgage Hunter:
Maybe they told you that you needed to be on title?

No requirement for a mortgage. Your grany can give you a property and you would be entitled to the FHOG.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Yes I can. I use Stephen Moore of Blair Anderson Solicitors. They are on Level 9 215 George St Brisbane City 4001. Phone is (07) 3220 2622. Feel free to let them know I reccomended them. They just invoiced me for $750 + GST + Outlays for searches etc;

Whilst you can go to a bucket conveyancer I always have firmly believed in the adage about…[Read more]

In QLD if an agent OR Vendor Lies to you, they are both Legally liable for any losses and or damages you incur as a result of this happening. In the instance you have supplied they would be found liable for the balance of Rent and your inability to let the property. This is why the Qld agents have to supply a CMA or comparative Market Analysis,…[Read more]

Yes Kiwi’s are generally eligible for the FHOG, but if they have owned a property in NZ before then they aren’t entitled to the Stamp Exemption as they aren’t first time home purchasers. Well thats in QLD anyway.

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

O.K. default interest rate: insert NIL

ask for 14 dats building and pest, 21 days finance and 45 days to settle. The standard REIQ Contract is 7Building and Pest, 14 Days Finance and 21 Days to settle. Oh and Default interest is generally charged at around the 11 – 12% mark. Refer to the clause naming the buyer as the at risk party and change…[Read more]

This can be a tricky one but is relatively straight forward when viewed with the right approach. If you wish to discuss this off forum I’d be more than happy to help.

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

interesting – http://www.yato.com.au if you’re in Brisvegas. I was in there yesterday, and their prices are superb compared to the others I have seen. They also use only 7-ply not chipboard meaning it will virtually last forever. Average price is about $7k with a discount applicable should you decide to obtain bathroom items as well.

Otherwise try the…[Read more]

I like the builders labourer idea, but why on someone elses property? Do it on yours. Sure it increases the costs of your first couple of reno’s somewhat, but the learning curve will be well worth it. Otherwise try your local TAFE college for Adult education courses and then you can also use the DIY courses at places like Bunnings. Otherwise…[Read more]

Why pay a deposit at all? If you are going to be on a long term settlement then pay with a deposit bond. Otherwise in QLD, you have the option of investing the funds as long as both you and the vendor agree and formally instruct the agent in writing as to how they are to be invested and where with what split of interest etc. Bear in mind though…[Read more]

Misty, I’ll second that motion. Depends on the areas, and what exactly you’re chasing…

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

My “Mates” the Real Estate Agents. Most I encounter would be better suited to the title “Fake Estate Agents.” They are mostly crap. It’s funny how they claim to “Sell” yet I’ve always decided to purchase independant of them. They haven’t influenced my decision to purchase a property at all. They do however influence the price. If you’re…[Read more]

I know of one who will do 105% but the rates are rude! Then again not really when one considers the fact the are fronting with more than the value of the property.

I would think to access 140% one would be needing to cross collateralise.

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

I know of a way it can be done. And with a funder who will ignore the work history as they don’t get too upset about these things.

It can be hard to pull a low-doc without 2years ABN, but isn’t necessarily impossible. There are a couple of lenders who will play the game on that side of things. Of course this lending is unregulated and therefore…[Read more]

Generally sopeaking though for an agent to earn their commission they have to be the “effective cause of sale”. As in your case you were the cause of the sale by approaching the owner/vendor yourself, they have no real entitlement to commission (unless you purchase at auction.)

My recomendation to you is this for future purchases – Front with…[Read more]

Paul & Karen, Great call. The LOC facility was my first thought. Then again using that wisely is generally the key issue with most. I could also think of a couple of other solutions Pseudo Lines of Credit etc which may have effectively the same result and minimise the risk, whilst maintaining the advantages of an LOC.

Depanding on your personal…[Read more]