just quickly

Viewing 6 posts - 1 through 6 (of 6 total)

tamtam
Member
@tamtam
Join Date: 2004
Post Count: 27
March 22, 2006 - 11:59 am
do u have a valuation, pest inspection and building inspection done b4 u make any offers on a particualr property??????????
ta
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
March 22, 2006 - 12:05 pm
No. You can do all of that after you have settled on a price.
If problems are identified you can pull out or attempt to negotiate a lower price.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
March 22, 2006 - 12:09 pm
Best to make the offer subject to a satisfactory building & pest inspection,
The lending institution/bank will carry out a valuation, a finance clause in the contract is also a good idea. Cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Dazzling
Member
@dazzling
Join Date: 2005
Post Count: 1,150
March 22, 2006 - 2:11 pm
No, never…..but then I’ve never bought anything at auction.
crusher
Participant
@crusher
Join Date: 2002
Post Count: 186
March 22, 2006 - 3:17 pm
Hi Tamtam,
I make an offer on a property and then I get the following 4 conditions on the contract as a minimum-
1. Subject to finance
2. Subject to valuation
3. Subject to building and pest Inspection
4. Subject to legal opinion
These give me good options get out of the contract before it goes unconditional.
Before you sign a contract you also need to make sure that you read it carefully and become aware of any costs that will be incurred by withdrawing from the contract (at any stage).
Todd Burns
http://www.freepropertyhelp.com.au
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
March 22, 2006 - 10:23 pm
Originally posted by Dazzling:
No, never…..but then I’ve never bought anything at auction.
I don’t think the original question was about an auction.
That leads onto a valid point though. An Auction is an unconditional sale. If buying at auction you should have these checks done beforehand.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.