Forums / Property Investing / General Property / making an offer (for beginners)

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  • Profile photo of tom123tom123
    Participant
    @tom123
    Join Date: 2013
    Post Count: 91

    Hey all,

    I was wondering what was the norm in making an offer? i’m aware it should be written. would it be ok if i just emailed them a offer? or should it be on the contract of sale (statement 32 here in vic)

    does it really matter? because if it’s via email / post it would be written right?

    thoughts anyone?

    Profile photo of superAndrewsuperAndrew
    Participant
    @superandrew
    Join Date: 2014
    Post Count: 188

    Yes an email is fine.

    If they insist on a signature you will need to scan it or take a pic with your phone.

    It’s easier if you just save a pic of your signature on your computer so you can always just paste it in your offers.

    Andrew

    superAndrew | Property Analyser and Finder Tool
    https://property-analyser.com.au

    Profile photo of tom123tom123
    Participant
    @tom123
    Join Date: 2013
    Post Count: 91

    Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

    Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

    would that just be me having equitable title on the property and the owner still having legal title?

    Profile photo of superAndrewsuperAndrew
    Participant
    @superandrew
    Join Date: 2014
    Post Count: 188

    Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

    No. You don’t have to. Once the offer/counter offer has been accepted you will sign the contract.

    Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

    would that just be me having equitable title on the property and the owner still having legal title?

    I shouldn’t tell you exactly how “I” would word it. You should consult a lawyer about this.

    Personally I would just negotiate on price instead of organizing this agreement.

    Andrew

    superAndrew | Property Analyser and Finder Tool
    https://property-analyser.com.au

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

    Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

    Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

    would that just be me having equitable title on the property and the owner still having legal title?

    Once exchanged you would have an equitable interest in the property.

    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 CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404

    Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

    Why would you get the rent? Are you going to pay the owners mortgage for the 12 months?

    You don’t own it until settlement!

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