Search results

I am looking for 'subject to building inspection' and probably 'subject to finance'......because I have my pre-approval, I could probably put it subject to bank valuation.

Yes Y-Man, it is going to be my first own home. That sounds reasonable then........a reserve close to mid-fives. Just found out something interesting- someone I know had also expressed interest in the property, but their price was lower than myself. And strangely, she didn't get the...

Thanks Wylie. Maybe its me, but I just don't want to buy at an auction. That will probably mean my dream house would walk away in front of me, but I am firm on this. Can I ask a question? How high can the reserve price for a property that has been advertised for, say 460+, be? Are there any...

I know I can probably save money by going to auction. But I'd like to put a conditional offer on the property. I have seen instances when the bank valuation comes back less than what someone has paid for a property and in that case the 'Subject to finance' clause saves the day. That's why I...

Thanks all. One last Q on the process, isn't it dependent on the vendor to decide if they are willing to accept a conditional offer, probably coz they are getting 30K more for taking a chance? Also, would it make a difference if I am happy to write a cheque for the 10% deposit amount on the same...

Thank you Y-Man. You make a fair point. I had faint hope because from what the agent told me a week back, my offer would have been better by at least 30K as compared to what the others were willing to pay. A lot of properties still sell on private treaty with conditional offers and the vendors...

Know what you mean, and your probably right. But I can't go to auction......but just trying to hope something works my way at the auction without me bidding!

Totally understand. Actually, the reason why we don't want to go to auction is because we want to put in a conditional offer (subject to finance and building inspection). I have my pre-approval letter from the bank and I have mentioned this to the agent. I am only concerned about the...

By the way, what do you think will happen now that I have told the vendor my intention? Do you think he'll advise the vendor or could he keep it to himself and get away with it. After all, his aim is just to get the house sold above reserve, right?

Thanks Y-Man. The agent did not ask us to present offers in writing as the vendors had decided otherwise. He did tell us that only two people had actually offered a price close to our offer, while about 30 other people were way less than what we were thinking. Auction is Saturday, and he...

Hi all, I really like this property which is scheduled for auction this weekend. We wanted to put an offer on the property at 100K over the advertised price, and even the agent said it was good- but the vendors wanted to go to auction anyway. I am against auctions, but I have advised the...