Hi All,
I am a new member to this forum and was hoping to get some advice.
My brother and I intend to purchase an IP together (joint ownership).
I currently work 5 days a week so I am not free to search for properties but my brother is free during the weekdays to look at potential places and make an offer.
Can the offer be made by my brother only but the property is held under both names?
Also my father will be accompanying my brother so can my father sign on my behalf when we make the offer ?
Or do I need to go as well to make an offer?Thanks,
WinnYHi WinnY,
You don't have to inspect the property (although personally I would if it is in the same area as I live). Your brother can make a verbal offer and the agent can come and visit you both after hours to sign up the paperwork. Yes, agents can do this to sell a property. If all property could only be sold during office hours when most people work it would cause some difficulty.
Not sure where you are buying but market has been slow in a lot of areas and the agent would probably jump at the chance to come over and sign up the paperwork.
Hope this helps.
Kind Regards,
TraceyHi WinnyY
Welcome to the forum.
Are you looking to purchase an IP in the area that you live? If your brother finds something worth pursuing – he should simply ask the agent if it would be ok to quickly take you through it after work hours (there shouldn’t be a problem with this approach).
Your father doesn’t need to sign anything.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
As mentioned any can make the offer. It's only when buying you both need to sign.
If it's a deal that has to be signed in order to secure it quickly your brother can fill it out with his name "and nominee". Your name can be added when it goes to your solicitor.
But normally you would organise a time to sign with your brother.
Thanks everyone for your input.
That certainly gives me some relief. I'll probably tell my bro to put me down as a nominee.
Cheers
Check with the OFT regarding 'or nominee' clause'
I understand (not 100% sure) replacing am 'or nominee' with a real name can trigger a second stamp duty calculation in some states dependent upon when the change occurs. In some case the simple change may be seen as a separate sale.
Worth a phone call.
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