Search results

I have received final approvals for (1) increase in value of my house - equity and (2) loan for the rest of the balance. My bank broker is 100% confident we'll be ready for settlement, he just said he might need a few more days to secure deposit guarantee (getting the papers to me to sign them off).

The contracts were then forwarded to the solicitors and my mortgage broker.

The vendor got my number from the agent after the latter took my permission. The agent did the exchange of contracts and I paid the 0.25%.

The agent is pretty flexible. He wants my business as he will be my property manager. He spoke to me on Saturday and said it would probably cost the seller more to back out than to press ahead. He also mentioned multiple times that I can ask for more cooling off days if I needed. The reason...

Thanks BV, I don't intend to back out, however I'm waiting for my deposit guarantee which might force me to ask for a couple of more cooling off days. I was previously told I could ask for an extra 5 days, however given that he wants to back out, can he use my request for more days as an...

Thanks arc. I'm waiting for my solicitor to go back to work tomorrow to fill him in on what happened. Could this potentially go to court?!

Hi all, Last Wednesday the seller of a unit and I both signed a contract of sale. I'm still within the cooling off period. He also is the tenant while I am an investor. He calls me on Saturday wishing not to go ahead with sale because he's in a huge debt and his bank wont finance a new...

Hi all, It's been 18 months since I first opened this thread and there are quite a few updates. 1. I am moving to Roxby Downs in SA on Sunday and will be living in a rent-free property with a mate of mine. 2. My house here in Prestons NSW will be occupied by my mother who is also has a...

Hey all, Just an update: I had an appointment with my bank on Wednesday in regards to my home equity. Before the meeting, I bought an RP data report on my suburb and highlighted all the properties of similar features that were sold in the last 6 months or so. It clearly showed that...

Thanks josko, I'll keep that in mind. :)

Thanks monsoon. I'll be looking for properties that already have long-term tennants in them. Thanks Propertunity and josko. I guess the first step I'll take is have NAB value my property and see where I stand. If my real estate agent is right and my property is worth $450,000, I'll take out...

Hi everyone, I'm sure this subject has been dealt with over and over, but my topic has more than one aspect to it. Let me first describe my situation. In January of this year, I bought my first home for $415,000 and borrowed 80% of that from NAB, while having a deposit of $83,000...