Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
It's the standard 30day contract. They actually extended the b&p as they didn't start it until they achieved finance which was a big hurdle in itself..Have you put something for your return? Let say you give them $150, but you demand 30 days settlement.
Yep, I think they're in for a rude shock.. the balance of the BC fees due on settlement will make this clothes dryer seem pretty insignificant.sounds like they really shouldn't be buying the house if they can't afford to replace the dryer... but anyways, that's not your problem.
The thought did cross my mind.. enter the unit and at least take the tv and dyson vacuum worth a few hundred.. The tenant is still in there and the lease is carrying over to the buyer, so that would make an interesting situationI'd take the old dryer and furnishings and spend the weekend putting them on gumtree/ebay.
Yeah it was quite strange to try and think what they were thinking.. They must have just wanted to try it on. I was 99.9% sure they wouldn't want to break the contract but people do strange things. Losing $10k for being stubborn is taking it to the extreme.It is good sometimes to think of these things in the buyers shoes and what their options are:
a. try on a $150 discount. (Probably still buy whether the answer is yes/no)
b. Pull out of the deal because of B&P. Need to find somewhere else and have wasted legal and B&P on this place ($200-$1000 wasted)
What option do you think they were trying? Will I don't think people are too bloody-mined on these things, I have seen someone waste a $10k deposit on being stubborn and unreasonable.
I remember reading the Vic b&p clause a while ago - much in the favour of the seller. A major pest infestation?? Most buyers would want to run a mile if it was a minor one and still active?2 things for what its worth:
1. Take the deal, reduce the price by a couple of hundred and be done with it. Whats the equivalent in interest payments whilst waiting for a new buyer? Or ads to advertise the property?
2. That is a horrendous B&P clause and gives you absolutely no protection as the vendor. We use something akin to the following:
"The sale is conditional upon the purchaser obtaining a building and pest inspection by [date]. If the report is found to contain a major structural defect or major pest infestation the purchaser can terminate the contract by providing this response to the vendor and a copy of the report by [date]. If the purchaser does not obtain a building and pest inspection and/or does not notify the vendor by [date] then this condition lapses and, providing there are no other conditions, the property is considered sold unconditionally."
Or something to that nature.
This reminds me of when I sold my parents house a few years ago - the buyer complained at the pre-settlement inspection that the landscaping was a lot more untidy than when they signed the contract and wanted $100 compensation or they'd delay settlement I said fine.. the next day I took the new creepy crawly hose, pool chemicals and other bits and pieces back to the pool shop.. about $200 worth. They didn't know I bought those things and didn't know the differenceThe thought did cross my mind.. enter the unit and at least take the tv and dyson vacuum worth a few hundred.. The tenant is still in there and the lease is carrying over to the buyer, so that would make an interesting situation
It was a verbal agreement for them to take the furniture. They had a lot of trouble getting pre-approval so my agent told me it would be best to not include the furniture in the contract for risk of getting a lower val - they were knocked back first time with LMI.I'm curious as to why you are "giving" them all the furniture and it is not in the contract, but the are reducing the price because one of the "free" items may or may not be working?
It's unconditional now thank goodness. It's tempting to go in and take a few things but the tenant would probably wonder what I'm doing.. I should be entitled but as you say they'd want to delay settlement and I think I'm happy to forget about it all now..I would still just suck it up rather than lose the sale over it, but I would also want to take the Dyson and the TV. They are not "furnishings" anyway. However, you don't want them to do a final inspection the day of settlement and stop settlement because the TV is missing (although I don't see how they could get away with it as it is not in the contract).
Wow, did they want you to upgrade the cubby house to code after they signed the contract? thats a bit much..It also reminds me of a sale where our buyer asked for $2K reduction for some stumps that needed replacing. Their solicitor (vendor's brother) also said the cubby house was not "up to building code", so we took it and they got to look at the big hole into the back of the neighbours tin shed with pots stacked up. Turns out they were pregnant with their first son, so more fool them.
Interesting one, must be something obvious for the inspector to mention that as they aren't generally putting the dishwasher on for a cycle to check it's functionality, or looking too closely at the white goods. At least he didn't notice the dodgy leg in one of the chairs at the dining room table!The apartment I'm selling today should be going unconditional.. but the buyer has come back with something from the b&p inspection which at first I thought was funny, but now is testing my patience.
They want the purchase price reduced by the cost of a clothes dryer the b&p inspector thinks is faulty.
They're getting the place fully furnished for free - it wasn't included on the contract (they were originally knocked back on finance so didn't want the val reduced any further with furnishings included). There is nothing included in the contract for chattels..
Should I just reduce the price or offer 50-50 and be done with it? I would like it to be over and done with today..
Or stand my ground on principle since they're getting the furnishings for free?
At least he didn't notice the dodgy leg in one of the chairs at the dining room table!
Wow, did they want you to upgrade the cubby house to code after they signed the contract? thats a bit much..