I just sold and went with a cash buyer as not having the contract conditional to finance is huge. I understand your frustration and yes a loan will pay the same as cash but if you write conditional to finance on the contract then it takes a fortnight or so before you know it's all going ahead. If you are paying by loan and happy that it's all good then make sure you tell the agent your contracts will not be subject to finance. We got offered a completely unconditional contract no building or pest and no finance and I literally told the agent to jump on them and sign up. I didn't counter offer just boom come this way and sign
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08-08-2015 04:07 #41
08-08-2015 17:01 #42
We offered on another property today, and the agent was brilliant. He wasn't acting like a tool and he was friendly, answered all of our questions, outlined the process he's going through to sell the property. We may not get it as it's very over priced but we offered in the range.
If we don't get it we know there will be a lot more stock on the market in spring and at the moment a new opportunity has come up every week or so.
08-08-2015 17:59 #43
Good luck today. Fingers crossed for you.
08-08-2015 19:40 #44
Thanks! They're getting back to anyone who outs in an offer in Monday and those that are close to what the sellers want will all be given the opportunity to up their offer or change conditions. They want it all done and dusted by lunch time Tuesday though so they know if they need to advertise an open for next weekend.
The area we are looking has just had the zoning rules changed and you can now split smaller blocks of land that once upon a time you couldn't split. All part of the state government 30 year plan to have more people living in walking distance to public transport. The agent today said that he's been appraising a lot of houses in the area so if we miss out on this, there will be other opportunities soon
08-08-2015 20:30 #45
@A-Squared - glad you've found an agent who seems interested.
Just saw your post and could have almost written a similar one with our experience last week.
House for auction, been in continual discussions with the agent, expressing our interest and attendance at the auction. Done all my research, finance sorted, etc. 1 week out and she phones and tells me that it's sold, unconditional BUT for $40k less than we were prepared to go to at auction. No chance for an offer/counter offer, nothing. The auction would have been unconditional too and was only 1 week later. Just crazy.
She was marketing it very low price and I was just smiling and nodding at her, knowing full well the market value and prepared to go to the top of it. It sold for the bottom of the range. Another agent without a clue, just going for a quick sale. I put in a complaint to the manager as I just wanted it to be obvious that his agent was not making good judgement calls and losing money and commission for no good reason. Her recourse was that I wasn't discussing higher prices with her, of which I had to reply that it was an auction and I wasn't (and that no sane person would) disclose their maximum price prior to auction.
Who are these people!
08-08-2015 20:42 #46
Elijahsmum said, these bad agents give the good agents a bad name!
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