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guys, if the building shows sign of concrete spalling ... i believe OC would be responsible to investigate and fix root cause. what if the unit i am about to purchase, shows crack to the living room wall at the balcony door (the cause of which should be investigated) and the shower alcove is...

Agent seems to be creating all sort of obstacles to ensure valuation didn't happen. At one stage, he mentioned that the tenant is only available at 8:30 pm ... Today, he stated that he picked the wrong key to the unit ... I am fully committed and full steam ahead with this purchase, but...

This would only work in slow market, where in the open inspection there is only 1 or 2 parties visiting; otherwise, if 50 groups are present in the open, there is no way you be able to do all due diligence. you'll just get stumped by other buyers with their silent bidding.

Valuation Report on how much the bank value the property. I would assume each bank has their own preferred provider but the valuation report shouldn't differ by much. That just doesn't make any logical sense ... unless these 'sort' of people don't know where to spend their money at ... hence...

because i am curious on how much people are willing to go over the board, over the valuation and still purchase the property ! I saw an auction went 70K over the valuation ... what is the logic behind this? what would you still want to purchase an overpriced property? With the hope of keeping...

If only I could give your advice to these people ... you won't believe how many people are lining up to go into open inspection just for 2 bedrooms unit in Liverpool, NSW. The more the interest, the higher the price going to be. People are willing to go massively over the valuation and willing...

Did you mean in a sellers fast market, where someone's offer will be gazumped by other offers which will then be gazumped by another offer? Hence to agree on the price, without undertaking the due diligence, to take the unit off the market to avoid gazumping then during the 5 days cooling off...

New South Wales

Is there anything wrong with this way of purchasing property: 1. Make offer 2. If accepted, then sign contract. 3. Quickly do Building & Pest, Strata, Valuation reports. 4. Consult Solicitor. 5. If something is pear shape then cool off. ? The risk of the above is: penalty of cool-off...