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Hi Guys , Sorry for the late response , just came back from Cairns . Ricardo , Yes indeed , we are in the same boat . I don't believe that you can bargain if someone is willing to offer 50-60K above average market price or unconditional . May be respectful members of this...

Nowadays St George belongs to Westpac - all the policies are written and dictated by Westpac .

Thnx you for your replies . Perhaps I should explain my situation . Yes , if the property price is up to 500K , I have 25% in cash . therefore I am not concerned if there is a shortfall in bank's evaluation . I do use " subject to finance clause " if the price is $500K -540K . In...

Hi Propertunity , Thank you for your comments . value in determined in this case by the purchaser. People have all sorts of emotional reasons for buying a property. As investors we tend to look only at the numbers. But we are only a sub-set of people who purchase property. So you are quite...

So the air-con worked OK then LOL Anyway I've put a statement " air-con is in good working order " :D Nah,just make one offer and walk away,who knows yours might be the only one on the table,and the vendors may have had a gutfull of each other and just want out,sometimes you just have...

Hi Guys , Sorry , for the confusion . It was 11:30AM and I was really tired :rolleyes: The sale price is $554,000 . 54K more than the top range !!!! I have Residex report for this property - evaluation is $486,000 I was able to offer $520,000 for this house , however it looks...

Gents , Concentrate on the steak my friend and the peas won't matter Thank you vey much for your advice. I'm afraid the wording is irrelevant at present . It will be someone who would agree to sign any statement without any hesitation. This is a seller's market at present. The...

Hi TPFKAD , This topic have nothing to do with enough or not enough money on offer. Let me put it this way - what if the split aircon system or ducted heating stopped working during a 60 days settlement period ? or any other problem ? Do you know any other way to protect the buyer ...

Hi Propertunity , Thank you for your comments . I guess my point was to discuss the wording through the eyes of a vendor . I am neither bored , nor intend to challenge my solicitor. It's more about getting opinion about vendor's perception Kind Regards gprp

Guys , Thank you for your advice. My solicitor suggested to use the following statement : Building and pest inspection reports to buyers complete satisfaction at the buyer's absolute discretion . In addition , he's suggested to specify that " All plumbing , fixed floor covering...

To be concise , you are correct . My solicitor helped me to escape from a dodgy house & land package . I've asked him about the statement " to our satisfaction " and he's said it's OK , but very general . I'll give him a call to make sure that everything is clear. Thanks gprp

Hi James , I think I've misunderstood you . You are raising a valuable point – the operation was a success … but the patient is dead :rolleyes:. Perhaps I should change it to “ building and pest inspection results to our satisfaction ." I've spoken with my solicitor regarding this...

Hi Guys, Thank you for your comments . The contract in it's current form is basically a non-conditional offer and I don't have any intention to sign it . I've spoken with the agent today; I really liked his explanation about "Active pest infestation" and “a major structural defect" ...

Thank you for your comments . As you understand , we don't have any chance if another buyer is willing to sign this crap . Do you agree with my risk assessment :) ? As I've mentioned above , I usually specify " subject to pest and building inspection to our satisfaction " . The...

Hi Guys , Please your advice regarding the contract of sale . We've inspected a property today ; the agent specified that they've received an offer and if we are interested to secure this property we have to make an offer in writing immediately :D. Inspection have taken place between 1 -...