All Topics / General Property / during the settlement period

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  • Profile photo of couttscoutts
    Participant
    @coutts
    Join Date: 2012
    Post Count: 11
    April 26, 2012 - 4:57 am

    hey all
    if i am lucky enough to get a long settlement and instant or early access;
    am i allowed to start cosmetic renoing a property?
    do i just write into the property contract thats my intentions?

    any thoughts on how to get in and out with a cosmetic reno completed as quickly as possible?

    thanks!

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    April 26, 2012 - 7:25 am

    Hi there

    This is something that will need to be agreed to by both parties.

    There is an element of risk involved with this strategy. The most important being the issue of not settling – what happens there?

    Having said that, I've done this before and it's worked out well. Speak to your legal rep about issues to consider.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

Viewing 2 posts - 1 through 2 (of 2 total)

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