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Invisible Deed of Option Contract

Submitted by davidcball on May 26, 2008 - 10:45pm.

Joined: 05/05/2008

Hello,

Does anybody have experience controlling properties with call options? I'm looking for a definitive answer as to whether it is possible to conceal the exercise price of the option from the ultimate purchaser? For example, if i control a forced sale with a market value of say 440, at 400 and want to assign the option for 425, how can i shuffle the documents so that the ultimate purchaser doesn't have to be informed the 15k difference between the two? The bottom line is that everybody is happy, seller has their money and purchaser is getting a property below market, it just stings that i have to prove my worth to the end purchaser and justify my cut. It just makes the whole transaction sticky.

I've heard of one technique where i give them a contract for sale of land rather than the option deed. How could this be possible without paying stamp duty that would strip 98% of the profits anyway?

Any help, comments or feedback would be greatly grealt appreciated.

Regards,
David

realestate@davidcball.com



June 24, 2008 - 7:35pm

Joined: 23/06/2008

Hi David, I too am trying to work out the same thing - have you had any luck with your investigations?


June 24, 2008 - 7:36pm

Joined: 23/06/2008

davidcball wrote:
Hello,

Does anybody have experience controlling properties with call options? I'm looking for a definitive answer as to whether it is possible to conceal the exercise price of the option from the ultimate purchaser? For example, if i control a forced sale with a market value of say 440, at 400 and want to assign the option for 425, how can i shuffle the documents so that the ultimate purchaser doesn't have to be informed the 15k difference between the two? The bottom line is that everybody is happy, seller has their money and purchaser is getting a property below market, it just stings that i have to prove my worth to the end purchaser and justify my cut. It just makes the whole transaction sticky.

Hi David, Sorry forgot to link your post. Have you had any luck working out the logistics of the above mentioned situation?

I've heard of one technique where i give them a contract for sale of land rather than the option deed. How could this be possible without paying stamp duty that would strip 98% of the profits anyway?

Any help, comments or feedback would be greatly grealt appreciated.

Regards,
David

realestate@davidcball.com


June 24, 2008 - 10:14pm

Joined: 05/05/2008

 Hi Tylee,

What is your email address?

Kind Regards,

David Ball

david.c.ball@gmail.com


June 24, 2008 - 10:29pm

Joined: 23/06/2008

Hi David, thanks for getting back to me. My address is jasminrankin@gmail.com Look forward to hearing from you.


Qlds007's picture

June 24, 2008 - 11:06pm

Joined: 23/08/2003

I have done enough of them and their is 1 simple answer and that is NO.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 7.14%


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