+ Reply to Thread
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 24
  1. #11
    Join Date
    Oct 2011
    Posts
    1,935
    Thanks
    393
    Thanked
    1,325
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    You have already confirmed finance by signing the contract not subject to finance.

    You hand your cheques over at settlement, in exchange for transfer documents & release of any mortgages etc on the property.

    Do you have a solicitor or conveyancer?

  2. #12
    Join Date
    Oct 2011
    Posts
    4,450
    Thanks
    1,897
    Thanked
    1,149
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Thanks guys.!

  3. #13
    Join Date
    Oct 2007
    Posts
    1,779
    Thanks
    327
    Thanked
    940
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    It is to late now but you should always include 'subject to finance' even if you have the cash to protect yourself should something unexpected happen.

  4. #14
    Join Date
    Aug 2010
    Posts
    2,654
    Thanks
    736
    Thanked
    423
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by louellyn View Post
    It is to late now but you should always include 'subject to finance' even if you have the cash to protect yourself should something unexpected happen.
    Definately.

    If you NEED to get out of a contract though - form 1s are almost never completed correctly and with legal advice you could use that to get out.

  5. #15
    Join Date
    Jan 2012
    Posts
    1,083
    Thanks
    123
    Thanked
    402
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Quote Originally Posted by louellyn View Post
    It is to late now but you should always include 'subject to finance' even if you have the cash to protect yourself should something unexpected happen.
    This - just because you have a pre-approval on the loan there is always the possibility the bank valuation doesn't add up which could effect your finance.

  6. #16
    Join Date
    Sep 2011
    Posts
    7,160
    Thanks
    1,701
    Thanked
    3,395
    Reviews
    4
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    So true about preapproval.
    I would say though if you need to extend your settlement date you usually can. Just have your solicitor put a request in writing to the vendor. We increased out settlement date twice last year due to the bank losing our paperwork!!!!!! So our vendor agreed to extend settlement by just over a fortnight in the end. So it can be done.

  7. #17
    Join Date
    Jan 2008
    Posts
    740
    Thanks
    46
    Thanked
    31
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    What state do you live in?

  8. #18
    Join Date
    Oct 2011
    Posts
    4,450
    Thanks
    1,897
    Thanked
    1,149
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    We will find out tomoro of loan approved. And we have enough ad back up if we cant borrow as much as we need. Will let u know

  9. #19
    Join Date
    Oct 2011
    Posts
    4,450
    Thanks
    1,897
    Thanked
    1,149
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Just wanted to let everyone know that our finance has come through for the loan on our house. Phew.I think its a good idea is people are warned about this having no subject to finance clause. The real estate did not tell us that it had no subject to finance when we signed the contract.Some over the other posts from people may explain it a bit better than me. Were we supposed to write it on the conditions wehen we first put in offer? Thanks guys for all your support. And thank god it all worked out ok in the end!

  10. #20
    Join Date
    Dec 2007
    Posts
    3,816
    Thanks
    379
    Thanked
    389
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    When you put an offer in, you include it in your conditions... ie. we would like to put an offer in for $699,000 with 60 day settlement, subject to finance, pest and building inspections.

    Then it will be included in your contract.

    Always say subject to finance even if you have pre-approval or even approval.


 

Similar Threads

  1. Employment/contract question.... Any experts on here?
    By SunshineMunky in forum Working Hubbers - Employed
    Replies: 8
    Last Post: 04-07-2012, 08:22
  2. Just signed contract on our 1st home
    By joalisha in forum Family Finances
    Replies: 11
    Last Post: 11-01-2012, 16:45

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Pyjamas.com.au
With so many gorgeous brands and styles for every season, our pyjamas, nighties, robes, sleepsuits and sleeping bags are lovely for lights out and perfect for lazy days. Get 10% off first order using code bubhub. Be quick offer ends 31/12/16.
sales & new stuffsee all
Pea Pods
Buy 2 Award Winning Pea Pods Reusable One Size Nappies for only $38 (in your choice of colours) and receive a FREE roll of Bamboo Liners. Don't miss out, we don't usually have discounts on the nappies, so grab this special offer!
Special Offer! Save $12
featured supporter
HuggleBib
The HuggleBib is not "just another" baby bib. Sure, your child may be a messy eater who gets more food ON them rather than IN them, so you dread cleaning after feeding times! Well the HuggleBib is THE best solution to help with all these daily tasks!
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!