Hi Guys and Gals
The exciting news is that after 2 months of property searching and 2 weeks of number crunching on this one particular unit, I have finally made an offer and been accepted on my very first IP. YAY!!!!! I've paid the $1000 holding deposit, have the contract, and am off to give it to my solicitor tomorrow. I am confident that the deal is a good one, but it has only just hit me how much I DON'T know about this whole purchasing process
The unit is in the old Grace Bros building on Broadway, Ultimo. It's as old as the hills, but was fully gutted and made into studio units about six years ago. Should I bother with pest/building inspections? My gut feeling is not to considering the size of the place. My solicitor says that stuff should get picked up in her search or by the body corporate...
The purchase qualifys for the stamp duty exemption (First Home Plus) and my private finance deal is sorted. As the place is fully furnished I will be making a detailed list of inclusions in tomorrow's inspection.
Is there anything else I need to know???
Hobbles
...can't stop grinning, sorry!
The exciting news is that after 2 months of property searching and 2 weeks of number crunching on this one particular unit, I have finally made an offer and been accepted on my very first IP. YAY!!!!! I've paid the $1000 holding deposit, have the contract, and am off to give it to my solicitor tomorrow. I am confident that the deal is a good one, but it has only just hit me how much I DON'T know about this whole purchasing process
The unit is in the old Grace Bros building on Broadway, Ultimo. It's as old as the hills, but was fully gutted and made into studio units about six years ago. Should I bother with pest/building inspections? My gut feeling is not to considering the size of the place. My solicitor says that stuff should get picked up in her search or by the body corporate...
The purchase qualifys for the stamp duty exemption (First Home Plus) and my private finance deal is sorted. As the place is fully furnished I will be making a detailed list of inclusions in tomorrow's inspection.
Is there anything else I need to know???
Hobbles
...can't stop grinning, sorry!