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  • Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 4, 2003 - 1:54 am

    Question from a Newbie to buying property….

    When submitting offers what are the points to remember? What do you need to put it subject to?

    I assume:

    a) Finance
    b) Building Inspection
    c) Valuation ???

    I picked up from Steve’s book use as little Deposit as possible, say $1000, but is that refundable if Finance not approved or you are not satisfied with Building inspection??

    Sorry if these are obvious question, but have to start somewhere.

    Cheers,

    Battz

    Profile photo of aussierogueaussierogue
    Participant
    @aussierogue
    Join Date: 2003
    Post Count: 983
    September 4, 2003 - 2:06 am

    g’day battz71

    best when you offer (and counter offer)
    is to always have a get out clause. i wouldnt recommend having 3 of them though as it will only put the vendor off.

    also make sure the subject is worded properly. ie sunject to inspection/finance/valuation to ‘buyers satisfaction’

    cheers

    Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 4, 2003 - 2:16 am

    Thanks for the reply,

    Is the deposit refundable?

    Profile photo of aussierogueaussierogue
    Participant
    @aussierogue
    Join Date: 2003
    Post Count: 983
    September 4, 2003 - 2:30 am

    yes

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