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  1. MTR

    Gone unconditional/buyer bailing

    Oh no, work. Yes, its wonderful selling and in part this is my biggest stress. Once I have made up my mind to sell I want the stock to move quickly as holding costs will eat into my profit. That is in part why I now will reduce the number of projects, or stagger them so I am not selling too many...
  2. MTR

    Gone unconditional/buyer bailing

    Very interesting RPI Its never happened to me, and certainly hope it does not with my recent contracts under offer. However, I recall good old Dazz stating don't waste your time if someone bailed out of their contract. I find it interesting if individual buyer with sufficient assets may be...
  3. MTR

    Gone unconditional/buyer bailing

    Yes, nasty stuff, I could imagine this happening a fair bit with OTP stuff when the market turns. Have you read any of the posts RE: Armchair developer/EOS, I suspect this is going to happen with a few of their clients as costs skyrocket, interest rates for buyers nearly 18%, and valuations...
  4. MTR

    Gone unconditional/buyer bailing

    Blacky this is actually a great stress release (another project completed) - by selling I have reduced the number of projects on the go, reduced debt and bring profits back:) The problem was too many projects on the go, this is now bedded, New Years resolution - balance in life, don't...
  5. MTR

    Gone unconditional/buyer bailing

    Not a fan of DIY, its just one of those jobs that I would hate, same as organising stuff for tax, its on a par for me. Also, I would not be comfortable, need to know that everything ticks the boxes and got the right professional doing this. However, if it works well for you then great.
  6. MTR

    Gone unconditional/buyer bailing

    Yes, it would certainly add up, I thought that vendors would not pursue due to legal costs involved, however with the above costs that vendor may claim it would be worth pursuing I guess as long as you can recover the money/they cough up??? that's the big one.
  7. MTR

    Gone unconditional/buyer bailing

    Yes, hopefully Skater all will go well. We don't use solicitors in Perth when settling on properties, we use conveyance , not sure why this is the case in Perth.
  8. MTR

    Gone unconditional/buyer bailing

    Hi everyone I am very curious regarding this issue and whether anyone has been down this road. I have a couple of properties currently under contract subject to finance, just waiting to go unconditional, fingers crossed:) Has anyone ever been in scenario where sale of property gone...
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