Hi everyone
I have written an article on the early steps in buying property in NSW.
I have highlighted issues which through my experience are the most common mistakes people make in the early stages of buying their property.
Again today another purchaser missed out on a property because they didn't have their finance organised in time and buyer 2 came in at the last minute and exchanged before them as buyer 2 had her finance approved!
Luckily I acted for the seller so no harm to them.
I had purchaser 2 knock on my door with a signed contract, 66W and cheque.
Of course my client took purchaser 2, although the first purchaser was prepared to also exchange this afternoon.
The reason purchaser 1 missed out was that she was still waiting on finance approval which was going to be provided this afternoon. She had 1 week longer than purchaser 2 to close the deal.
Hope this helps.
Regards,
View attachment Are you looking to buy property.pdf
I have written an article on the early steps in buying property in NSW.
I have highlighted issues which through my experience are the most common mistakes people make in the early stages of buying their property.
Again today another purchaser missed out on a property because they didn't have their finance organised in time and buyer 2 came in at the last minute and exchanged before them as buyer 2 had her finance approved!
Luckily I acted for the seller so no harm to them.
I had purchaser 2 knock on my door with a signed contract, 66W and cheque.
Of course my client took purchaser 2, although the first purchaser was prepared to also exchange this afternoon.
The reason purchaser 1 missed out was that she was still waiting on finance approval which was going to be provided this afternoon. She had 1 week longer than purchaser 2 to close the deal.
Hope this helps.
Regards,
View attachment Are you looking to buy property.pdf