Forums / Getting Technical / Legal & Accounting / Disclosure of First Home Owner Status

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  • Profile photo of alyssumalyssum
    Participant
    @alyssum
    Join Date: 2009
    Post Count: 8

    Hello,

    I’ve just started investigating apartment purchase options and will soon be a first home owner. Here in Victoria, I currently qualify for $9k assistance.

    I have been liaising with one real estate agent, regarding a property currently listed. He asked me if I this would be my first home and I answered yes instantly. Am I obliged to answer this, and answer honestly? I feel that he will now hike the price by another $9K…

    It will be a our bank/lender that needs to know ultimately, yes? Not the estate agent…?

    Thank you for your counsel,
    Alyssum

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    yes, no need to tell the agent unless you wish to.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of JD86JD86
    Member
    @jd86
    Join Date: 2009
    Post Count: 52

    yep, no need to tell the agent

    they tend to be shifty buggers, i wouldnt tell them

    Profile photo of LockymacLockymac
    Member
    @lockymac
    Join Date: 2009
    Post Count: 78

    Ill tell you this please dont take it in a bad way or anyway reflecting real estate agents.

    I am an agent and if you told me that this was your first property I would automatically think that I could push you higher on the purchase price. Whether it be nerves or whatever first time home buyers and investors tend to pay more.

    No offence, but hopefully it helps in the future

    Cheers

    Profile photo of alyssumalyssum
    Participant
    @alyssum
    Join Date: 2009
    Post Count: 8

    Thank you for your guidance, Alyssum.

Viewing 5 posts - 1 through 5 (of 5 total)

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