this is my first purchase from TIC.....I have almost turned the club upside down....
The only downside about TIC is that you do not have the opportunity to negotiate the purchase price, but hey, they have a big list of stocks and you are the one picking them. If you pick a wrong one which does not suit you protfolio and plan, who can you blame?
Yerfdog, despite your self proclaimed thoroughness, perhaps it would be prudent to reserve your judgement and opinion about TIC until such time as you have fully transacted a property off them, and held onto it for a few years. At that stage, you'll be in a much better position to say either way whether big Kev's personal plaything, Lisson Pty Ltd, really is such a pally pal.
May I suggest that a lack of negotiation on the purchase price (i.e. in a two party contract, you as one party having zero power) is
definitely not the only downside to buying a property with TIC.
Apparently, the local parlance goes something like "as long as you're 'happy'....that's the main thing", regardless of exactly how loooowwwww your criteria bar is set to actually achieve that stated happiness.
...but then, fortunately, I've never purchased through TIC either, so I'm not fully qualified to comment further.
Overlying everything, there is an assumption that people are adults and take full responsibility for reading and understanding documents thoroughly before they pick up a pen and sign said documents. As we all know, this rarely happens, even with quite a few experienced folk, so what we are really talking about is the vast majority of folks (including this hapless lady) handing their control and responsibility over to a paid adviser.....who accept the cash, but when you read their disclaimers, clearly accept none of the responsibility either.....and that's where you are left, standing atop a great chasm of responsibility where things fall down and everyone says it's not their fault and they truly believed, despite what was written down in black and white, that someone was looking after them....whatever that means.
All IMHO of course. I've been very very wrong before, and no doubt am probably wrong on this one as well.