Hi guys,
This is such a great website. I wish I had found this before buying a property. I live in VIC.
I don't know if I've been tricked by the RE, but here is my story.
We inspected the property on Saturday 11 October. The property was advertised for $380,000. We offered $375,000 on that day we and signed the contract of sale with $500 cash deposit. The contract has 2 extra clauses: finance and building inspection.
On Monday the estate agent told us that the vendor didn’t accept. We didn’t want to raise our offer either, so we stay put at $375,000.
On Tuesday noon, the estate agent told us that our offer has been accepted.
On that sameday, Mr. Rudd announced the $7000 extra.
I have 2 questions:
1. I'd thought that we just need to give written offer on Saturday, not signing the contract. Is this the standard practice?
2. Would I still be eligible for the extra grant considering the vendor agreed on 14/10/08, although the contract is signed on 11/10/08?
Thanks for all answers.
This is such a great website. I wish I had found this before buying a property. I live in VIC.
I don't know if I've been tricked by the RE, but here is my story.
We inspected the property on Saturday 11 October. The property was advertised for $380,000. We offered $375,000 on that day we and signed the contract of sale with $500 cash deposit. The contract has 2 extra clauses: finance and building inspection.
On Monday the estate agent told us that the vendor didn’t accept. We didn’t want to raise our offer either, so we stay put at $375,000.
On Tuesday noon, the estate agent told us that our offer has been accepted.
On that sameday, Mr. Rudd announced the $7000 extra.
I have 2 questions:
1. I'd thought that we just need to give written offer on Saturday, not signing the contract. Is this the standard practice?
2. Would I still be eligible for the extra grant considering the vendor agreed on 14/10/08, although the contract is signed on 11/10/08?
Thanks for all answers.