Search results

I made a verbal offer of $324K on Saturday after the inspection and received a condescending pat on the arm by the REA and the comment, "we're a long way off". Anyway he rang back this morning to say the vendor has rejected the offer and has not made a counter offer. I think I'll make a...

Thanks Collector that is crystal clear. I'll be over in that part of town tomorrow so I will make the offer verbally after the inspection has finished and pay an expression of interest deposit then. Will $200 be enough? Will I get the expression of interest deposit back when I sign the...

Ozperp, are you overlooking the fact that I already have pre-approval for the loan? The bank has already assessed my income and I don't need LMI because I am using a guarantor (who's property they have already valued). I can understand a new loan application taking 4-6 weeks to get unconditional...

OK thanks Collector, I didn't know this so are you suggesting my offer should look like this: LETTER OF OFFER From: XXX To: Vendor of <address of property> C/O Vendor's agent, Southern Star Realty Date:27th June 2009 RE: Property: XXX, NSW, Australia I submit this formal offer...

I have pre-aproval and I don't want to have to wait for the CBA to aprove my finance before I sign the contract. I'd rather sign the contract and take the property off the market then if for some reason my finance is knocked back I can rescind the contract before the cooling off period expires...

Thanks for the advice - I have revised my offer accordingly My first IP :D I don't think the property has ever been advertised as $345K+ - at least it didn't show up on oldlistings.com.au My mortgage broker told me that CBA are still very slow at the moment so even though I have...

Thanks for those thoughts Collector. You're probably right. We would be stoked to get the place for $330K and not too disappointed if we have to pay full price at $335K but don't want to go any higher. Perhaps I should make my initial offer $324K rather than $328K to leave a bit more room...

I am about to make my first written offer on a property can somebody tell me how the offer i have put together below stacks up? The asking price is "offers above $335 000" LETTER OF OFFER From: XXX To: Vendor of <address of property> C/O Vendor's agent, Southern Star Realty...

Thanks, for the info Since this is our first IP we won't be over the land tax threshold until we buy more property or get some serious appreciation, but given that our intention is to hold long term it is definitely worth serious consideration. Thanks for that suggestion BayView. I am...

My wife and I are looking to buy our first IP in Sydney for $350K or less but can't decide between a house around the Quakers Hill area or a unit around Rockdale. Given the following assumptions, would you expect there to be much difference in the holding costs of each? Assumptions: - We...

Thanks Stumunro for that advice, I really appreciate it! Thanks for the tip. I know absolutely nothing about Adelaide though. Would you mind mentioning a suburb or two so that I can have a browse on domain.com?

No, even though this will be our first property purchase, unfortunately we won't be able to qualify for the FHOG because we can't meet the residency requirement. I work on Sydney's Northern Beaches and my job requires me to live close to work (and provides me with housing). Given that I have...

I've got to say, I love this forum! Even though this is my first post I have been reading it for months now. I am looking to buy my first ip and have about 200K to spend. I am keen to buy in Sydney as I expect it to do very well over the next five years. I can't decide between a 2 bed unit...