Forum Replies Created
- Originally posted by Dazzling:
It’s alot easier when it’s your PPOR.
Very difficult if it’s rented out.
A nice looking sign out the front with just one number is much more powerful than ads in the paper – local buyers only to start with, but word of mouth spreads like wild fire.
Don’t have home opens….you are only looking for one really high priced buyer – not 60 sticky beaks who want to trapse thru.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
We are selling a Duplex at the moment with a nice
clear sign and adds in the local paper, we have had far more calls from the sign than the adds.
Also we have it on the net with a free listing nothing from the net add as yet.
We like to keep our adds short and to the piont,better than getting long winded we feal.
Regards
[biggrin]Originally posted by apostle:In WA.. Depends at what stage the sale is at.. If a deal falls over due to a condition of contract, (ie: subject to..) then the (any) deposit paid is refundable (less any bank fees ot charges) Deposits over $500 can be placed in an interest bearing account (for you) if so requested by the Purchaser.
The question of ‘consideration’ is a good one. The law of contact does (I believe.. I’m not a lawyer) that some form of consideration (can be a dollar) be exchanged..
Still I’m with Investinwest on this one. I don’t want to tie up cash reserves for months. We may have a number of deals on the go and some of the complex ones may take a long while before settlement. I know of investors that pay only $50 deposit on deals..
The amount of deposit paid doesn’t really make the deal happen.[cigar]
Apostle
Thank you apostle,
For getting us back on the rail’s.
Mortgage Adviser, as for you ravings about centre point tower and “My local shopping centre copping it”, my goodness what a sad story. gazumping lal yes I know, I know lal)
Maybe we do things a little different here in W.A.
I’m sorry I said “rubbish” M/Adviser.[exhappy]
Originally posted by The Mortgage Adviser:That is the biggest load of RUBBISH I have heard.
Please tell me how your simple idea of no deposits helps you when the buyer pulls out at the last minute due to a property price slump and you have lost three or four other willing buyers who are now no longer willing. How are you going to recover the deposit which YOU WOULD BE ENTITLED TO KEEP???
I can assure you that you would never succeed in buying a property from anyone I know as they all require a deposit to take their property off the market and protect themselves against any potential losses.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksWith out getting personal Mortgage Adviser it would seem you have lots to learn about how to buy and sell property if you can’t see how to buy or sell with no Deposit.
Oh and we will be making $100,000 this f/year with just 2 sales (Prive Sales at that) and no Deposits to be seen, put that in your pipe.
Maybe you need to fine better people to buy from, the people you know now are ripping you off Mortgage Adviser.“How are you going to recover the deposit which YOU WOULD BE ENTITLED TO KEEP???”
Are now I see what the big attraction is with these $2000 – $5000 plus Deposits you “hope never to give them back”
You hope to make something from the Deposit if the sale falls through and then move onto the next pore smuck.
I have never had an offer not ACCEPTED that I have put in with “NO DEPOSIT.”
SO ITS NOT JUST ME taking offers with no Deposit I’m dealing with BIG BOYS who have no qualms
with selling to me (us) with NO Deposit.Must go, Money to Make. [biggrin]
Originally posted by The Mortgage Adviser:Instead of saying it is rubbish, why don’t you tell us what you do instead?
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksIts not a terribly complicated sequence of events.
When selling a property, if the purchaser offers us a deposit we simply smile nicely and say thankyou but no deposit is necessary.
After all there signature and ours, on the completed Offer to Purchase form is the only legal requirement to make an Offer to Purchase Binding.
If the Offer falls over because of a subject then we only have to return there deposit, its not as if any one can do any thing with the deposit after its been paid It just gets held.
When buying we just tell the vendors (representative) when they go to put in the deposit amount on the Offer to Purchase form that there will be no deposit.
If they question us we simply tell them there signature and ours, on the completed Offer to Purchase form is the only legal requirement to make our Offer to Purchase Binding.
We have had all offer’s accepted to date with no deposit, and the last property we purchased with no deposit had a subject to sale of another property.
Deposits?? Rubbish [exhappy]If your all cashed up at the Bank and ready to put in an Offer there should be no need for any Deposit.
Jenny and I never offer to give a Deposit.
Nor do we ask for a Deposit when selling.
Load of rubbish [rolleyesanim]
