All Topics / Legal & Accounting / 12 month settlement

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  • Profile photo of Phil_2Phil_2
    Member
    @phil_2
    Join Date: 2004
    Post Count: 45

    I have found my dream property but I can’t buy it yet because I’m still building my last house. Can I put in an offer but have a 12month settlement period?

    Thanks

    Profile photo of AceyduceyAceyducey
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    @aceyducey
    Join Date: 2003
    Post Count: 651

    You can always try…

    Why should the vendor accept the offer though?

    You have to think about how you can make your offer attractive to them….how soon do they need the money???

    Do some research

    Cheers,

    Aceyducey

    Profile photo of YorkerYorker
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    @yorker
    Join Date: 2004
    Post Count: 306

    I think you might gain more success using an option strategy. Can work in a down market i.e agreed price now to pay in future.

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    hi Phil – bit unlikely but if you don’t ask the answer is no.

    any specific reason why the vendor will take it off the market for 12 months? has it been for sale for ever or something?

    cheers

    Brendan Heagney
    Mortgage Broker
    0438 436383

    If you don’t ask, the answer is no!!

    Profile photo of bennidobennido
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    @bennido
    Join Date: 2004
    Post Count: 195
    Originally posted by Phil:

    I have found my dream property but I can’t buy it yet because I’m still building my last house. Can I put in an offer but have a 12month settlement period?

    Thanks

    wow … You are still building your home and you found another dream home ?!

    Reminds me so much of my wife when we were building our current home and she saw another house that she wanted more !

    Thankfully, I managed to keep that one a dream. [biggrin]

    Profile photo of Phil_2Phil_2
    Member
    @phil_2
    Join Date: 2004
    Post Count: 45

    my dream ain’t a 4×2 dog kennel with my neighboures bed closer to me than the street!!!

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    my dream ain’t a 4×2 dog kennel with my neighboures bed closer to me than the street!!!

    why are you building so close to your neighbours bed?

Viewing 7 posts - 1 through 7 (of 7 total)

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