Hubby and I have had an offer accepted on a little place we think would make a nice wine bar!
We've been completely reckless and made the offer without finance in place, hoping we can get finance or sell something, before settlement.
We've already told the RE agent that we'll need a long settlement, vendor has agreed to 5% deposit, and that we'll need the body corporate's agreement in writing that we can lease the common courtyard.
We'll set up a lease before settlement so we don't have to pay GST.
Any other tips?
I know it's crazy to just jump in like this, but it's a really cheap place, and we won't be able to buy or lease anything cheaper for hubby to start his business.
Plus, even if the sale falls over we won't be losing much.
We've been completely reckless and made the offer without finance in place, hoping we can get finance or sell something, before settlement.
We've already told the RE agent that we'll need a long settlement, vendor has agreed to 5% deposit, and that we'll need the body corporate's agreement in writing that we can lease the common courtyard.
We'll set up a lease before settlement so we don't have to pay GST.
Any other tips?
I know it's crazy to just jump in like this, but it's a really cheap place, and we won't be able to buy or lease anything cheaper for hubby to start his business.
Plus, even if the sale falls over we won't be losing much.