Browse Forums Real Estate Re: placing an offer on a house 3Mar 29, 2012 9:34 pm Some people apparently have nothing better to do than comment on other people's sigs. Re: placing an offer on a house 4Mar 29, 2012 10:06 pm cmhamilton Would a real estate agent just take a potential buyer's word for it if there's not a reasonable indication right from the start that the person making the offer will have the necessary funds at their disposal? P Yep they would they don't care about it ...if your breathing your a potential buyer. Our Building on 118 acres in South Gippsland thread - https://forum.homeone.com.au/viewtopic.php?f=38&t=54556 Re: placing an offer on a house 5Mar 29, 2012 10:26 pm drpopper cmhamilton Would a real estate agent just take a potential buyer's word for it if there's not a reasonable indication right from the start that the person making the offer will have the necessary funds at their disposal? P Yep they would they don't care about it ...if your breathing your a potential buyer. Wow I guess the market has changed then... Some people apparently have nothing better to do than comment on other people's sigs. Re: placing an offer on a house 6Mar 29, 2012 11:46 pm I though that when you make the offer you can put in subject to finance or clean. if it is accepted then it depends on the clauses selected. At least that what I recall.... It is safer to put subject to finance and white ant inspection.... pre approval may make the decision easier and I would lower the offer slightly if I had pre-approval as there is no mucking around.... Ciao Mark Cheers Mark placing an offer on a house 7Mar 30, 2012 12:21 am You'd be surprised how many people put in cash offers when they intend to borrow the majority of the funds! Silly, silly people. My advice, do NOT put in a cash offer if you intend to borrow. And the market is pretty slow, so, yeah, most sellers seem to be entering into negotiations with people who put "subject to finance" in their offer. Just do it. If the bank declines your loan, you don't buy the house. And you should get the deposit back too! Re: placing an offer on a house 8Mar 30, 2012 9:07 am You need to make it clear that your offer is subject to finance and they may not consider your offer if you don't have approval. Do you have any deposit? Because you'll need to provide some funds to secure your offer. Some Agents have been known to advise to get a personal loan for the deposit, but I would strongly advise against it as if the deal goes south you may lose the deposit if you pull out for any but a couple of reasons. Sounds to me like you aren't really prepared to put an offer in, but if you do, be sure to protect yourself and make it subject to finance, building and pest inspections, even if the house is for knockdown or renovation as inspections can shed light on potential redevelopment issues as well. (Like the non complying septic overflow a friend of mine found at his place) Re: placing an offer on a house 9Mar 30, 2012 2:04 pm We run two property inspection companies, Budget Reports Pty.Ltd. and A Plus Building Advice Pty.Ltd. As qualified and accredited building and timber pest pre purchase inspector with thousands of inspections behind me I am qualified to give the advice here. We have a policy to advise prospective purchasers to carry out pre purchase inspections within 3 days cooling off period because if there are issues they can cool off without having to justify why. (it's their legal right). Some buyers rely on contractual subject to clause and we sometimes found that tricky with definitions and our clients having trouble getting out of contract. Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: placing an offer on a house 10Mar 31, 2012 9:05 am If you put in a subject to finance clause make sure you specify the bank you want approval with. If things turn nasty and your preferred bank declines, if you haven't specified your lender they can force you to look for finance from a non preferred lender. Re: placing an offer on a house 11Mar 31, 2012 9:07 am Oh and check what cooling off period applies as not all contracts have a cooling off period. Was the offer also on their website? If so, you could check the Wayback Machine. 1 1040 You’re on the right track, wire brush in a grinder then a zinc rich epoxy primer then a top coat of some sort, like a waterproofing membrane. Raising the concrete would… 1 7114 How good is Simeon?! Always taking time to help others out! Wish we were building in NSW and could work together. Thanks for all that you do! 7 6626 |