[VDanMember@vdanJoin Date: 2008Post Count: 3]

October 19, 2008 - 9:27 pm

ummester wrote:

VDan,

The point isn't to convince buyers like yourself – who were already prepared to buy.

It is about getting those who aren't quite ready to commit into the market.

I agree completely! That's what I was saying (or at least trying to say) when I wrote "But the point of the boost is to get more people to sign contracts and buy houses"… by "more people" I meant those who need extra convincing (in the form of the increased grant) to commit.  I was just trying to explain to "firsthome" why the grant goes on the contract date and not the settlement date.

[VDanMember@vdanJoin Date: 2008Post Count: 3]

October 17, 2008 - 1:23 am

firsthome wrote:

… I don't see why they have to go on contract date when surely it should be settlement date as that's when the real transaction occurs.

But the point of the boost is to get more people to sign contracts and buy houses, so why would the gov't give someone a bonus when they've already signed a contract before the announcement? They obviously didn't need the extra cash in order to pursuade them to make the purchase… That's just how I see it.

I'm in the same position as you, it sucks!

[VDanMember@vdanJoin Date: 2008Post Count: 3]

October 16, 2008 - 10:23 pm

Hi,

I signed a contract on the 2nd of October and settlement is due on the 24th…

Is there any risk associated with rescinding a contract and resigning? (assuming all other parties agree and are aware of the reasons)

I'm told that there is the risk of being charged duty twice (??) and that to rescind and resign a contract, there must be no financial gain as a result… is this correct or have I been told furphies?

Thanks in advance for your help…

Cheers,
Dan