We settled the property last Fri week.
There was a little bit of storm damage before we signed contracts, so we dropped the price 2k after a bit of negotiation.

Thanks again Ironlady

Thanks for the reply. We had a ph call late on Fri avo from our solicitor saying they have signed. We should get more details tomorrow. Its been a long hall but we are not getting to excited yet.

Ironlady

We exchanged contracts yesterday by email.
After months of stuffing around with solicitors and the rea they signed unconditional contract EXCEPT for Special condition 43 Guarantor with a $41k deposit (paid on 16-4-15). We reduced our price from $410k to $408k with 6wks settlement. We will not see the details till Mon, but We were told…[Read more]

But does that mean the buyer will find it hard to get info about the sfund etc

Thanks Ironlady

Sorry if it sounds like i am not hearing yous guys. I wouldn,t see things that yous can see and I am pretty sure I will be wrong as far as going under contract subject to finance. Sounds like they dont want to take that road anyway.
I do appreciate your input on this forum / post.

I contacted the Rea, thanked him for his input…[Read more]

I am only guessing but they may not want to sign not knowing if they will get the money.
If they do get the loan approval before signing contract we can ask for not subject to finance.
Would rather it fall over now than down the track.
It sounds like I am contradicting my self because I was pushing them for a deposit, but I was assuming…[Read more]

Now that we can see they are doing something we will wait.
Don’t see us getting a better deal in this market at the moment and we are happy with the sale price.
Besides we made a deal (only verbal to agent) to let him have first chance to purchase.
The rental contract runs out on the 31 Jul 2015 so if he doesn’t buy he will have to keep…[Read more]

We received an email today from our solicitor Saying:

Dear Ironlady (me and wife)

Re: YOUR SALE TO XY BLABLA SUPERANUATION PTY LTD
PROPERTY: 000 AAA ST, SOMEWHERE

We refer to the above matter and wish to confirm that we have today received a phone call from the purchasers solicitor advising that his client is still awaiting finance…[Read more]

Ironlady

According to the agent they were chasing up some money in the negotiation phase.They were taking to long to respond to the price we set (advice from rea). Can only assume they are using a bank for some of the money.

At the end of the day we are trying to work out if the buyer is genuine and taking to much time, just cant scrape up the…[Read more]

He said in his letter the bank is the hold up with the super fund being the LENDER. He may have made a typo?
He has also said in the past that they were setting up a SMSF family trust. Not to sure about that one, thought it was a property trust but I dont know a lot about SMSF. The agent could just be relaying what the buyer is telling…[Read more]

No name of purchsing entity as far as we are awear of.
Rang our solicitor on Fri 10-4-15 and they rang the buyer solicitor and they said waiting on accountant.
We emailed the selling agent this morning and said he has until thu 16-4-15 to sign and put a deposit.
After ignoring us for 3 wks (we contacted him 3wks ago and were still waiting…[Read more]

Yeh we rang our solicitor and agent 2wks or so ago. Agent said he would contact them and get back to us. Heard nothing?
They will definately be receiving a dead line.

Thanks again Ironlady

We have made a deal through a Rea (property manager of our property) for our tenant to purchase our industrial property.
The price was agreed on the 18-2-15, We signed on 26-2-15.
Next Wed 15-4-15 will be 8kws with no deposit or contract signed from the buyer.
I have looked at a few other topics on this forum about SMSF and they look a bit…[Read more]

We are reno old house and it had 3 layers of tiles on wall. When we tried to chizel them off the whole lot came of. If the floor is solid ( concrete ) and you get a good key sound ok.

Ironlady