Hey thanks guys for your comments… that was pretty much my thoughts, and think they’re just taking the mick, but thought I’d post on here to get your opinions as maybe it was a dud area or something…

Thanks for that Scott, I won’t go with the buyers agent on the CMA then as they’re charging $1100 which seems a bit much for what you’re saying she’d be providing… the valuation with HTW is going to cost $440 which seems reasonable….

Richard, I’m having a hard time, I actually am not using a mortgage broker, but dealing directly with my bank NAB, and they’re being a little bit difficult. I asked them if they could advise any valuers which they would find acceptable, I mentioned HTW, but the guy just wrote back saying, I’m sorry I can’t help with this. Are banks not allowed to disclose which companies they think are acceptable? or am I just speaking to the wrong person? I’m stressing out a bit now because the auctions are coming up and I don’t really want to miss out, but don’t want to go in and bid unless I have the valuation sorted… in auctions in QLD are you able to bid and then say “subject to finance”?

Thanks,
Tiff

Hi Guys,

Thanks for the replies, OK now I’m a bit confused, I’ll post what the buyers agent had said to me:

We also provide – if you require – a current, detailed Comparable Market Analysis that involves attending, inspecting and photographing the entire property, a full investigation into the property including Council, Main Roads, Energex etc services study, recent sales figures within the street and suburb, recent auction clearance rates and actual results along with our opinion of the market price of the property in today’s market.

Do you think they’re just going to get a computer generated one off the internet that I can buy myself???

Richard- Do you think I should ask my bank who they would use to value the property? They’re going to auction and I have an idea in mind of what I want to pay, I’ve already bought one from api but wanted to get someone to actually go and check it out and had heard HTW were quite reliable?

The area these properties are in is Pelican Waters

If anyone knows any building inspectors, buyers agents, valuers etc in the area i’m all ears

thanks

Hi

Thank you so much for your replies. This is my first purchase so I’m just trying to get all the information together before I jump in head first.

The costs I have so far are:

The deposit
The Mortgage
A buyers agent (who will be going to auction for me)
Property Valuation/Comparable Market Analysis
Building Inspector

Conveyancing (legal), varies by which conveyancer you use;- what is this?

Also do I have to engage a lawyer with this and if so how do I find one and how much would they cost?

Sorry for all the questions, I’m just freaking out because I’m actually about to buy a house and want to make sure I’ve dotted all the i’s and crossed the t’s

Again, Thank you so much

Thanks for all the advice, I’ve contacted both the agent and a buyers agent now and will let you know how I get on

Hi Richard (or anyone else who could answer)

Capital Allowance on the Construction price- is this only for new properties?

Oh Great cheers Can I just send you an email to [email protected]?

Hi Richard,

Yes, I think thats it, so if I buy a property for 499,999 to live in and keep it for 6 months then I am exempt from stamp duty is that correct?