Author Topic: Selling a house is frustrating (Read 27945 times)

GraemeL · « **Reply #100 on:** March 05, 2014, 11:20:18 PM »

Hey WilSurf, how did it all go? Hopefully everything has gone through without a hitch.

We did an inspection on the house we are interested in. there were quite a few things we noticed, some were sort of minor but there were also some that were major. The major is replacing the two evap air con units because they are getting pretty old. As well as one of the hot water systems.

Our agent has sent the seller a list of things that we want repaired/replaced and asked for them to have the inspections done.

So now we sit back and wait.

WilSurf · « **Reply #101 on:** March 06, 2014, 09:56:16 AM »

The valuation is done and the inspector/validator was going to send his report to the bank the same day.
Later yesterday the agent called me.
The buyer wants to have the pool inspected before settlement since there is no warranty on it. It was installed in 2008.
The agent adviced us not to allow it since it is not a condition of the sale.
It seems that the buyer has read/heard something and want everything covered. Maybe he wants to impress his new-to-be-wife?

GraemeL · « **Reply #102 on:** March 07, 2014, 01:38:31 PM »

From a buyers point, of view maybe he is just trying to cover his backside.

Which is perfectly understandable, it is a huge outlay and the buyer doesn't want to be caught out with something that may end up costing thousands to repair or replace.
If there is nothing wrong with the pool, what's the harm in allowing them to have it inspected?

Nomad · « **Reply #103 on:** March 07, 2014, 06:13:39 PM »

Did he go unconditional?

WilSurf · « **Reply #104 on:** March 10, 2014, 09:53:42 AM »

Due date now is 12/03, got an extension letter from their bank.
Settlement date is set at the 28th, moving 28th-29th.

Beachman · « **Reply #105 on:** March 10, 2014, 12:41:40 PM »

Quote from: Beatle on February 10, 2014, 04:54:27 PM

Now, for me, I'd be cranky if my house sold so fast. I'd be constantly thinking I'd given it away.....

About 3 years ago when the market was flat one of my very good mates got quite a few written offers with the best being $8 000 under there asking price. He convinced his wife they should wait and that is what they did. The house was on the market for another 3 months and then the best offer was now $30 000 under the asking price. ($22K less than previous best offer) By then they were both over it and ended up selling the house for $30K under. This couple has since divorced and while the sale of the house wasn’t the primary cause of their split, it sure didn’t help them during their rough patch.

Goose · « **Reply #106 on:** March 11, 2014, 09:09:53 AM »

As the saying goes, the first offer is often the best.

WilSurf · « **Reply #107 on:** March 11, 2014, 10:04:14 AM »

It looks we were on time.
There are more houses for sale in our suburb now.
Our papers for the bank has been signed, I rectified 1 minor issue which was "picked up" by the Building Inspector: the latch of the pool fence was a little sticky. A few turns of the screw of the latch and it is closing smoothly.
Now i have to get up the attic and check if the insulation isn't touching the downlights. It has nothing to do with the structural integraty of our house and as our house is built before 2006, we don't need the protection caps.
But I will show my good behaviour and will remove any insulation what might be too close to the remaining halogen downlights (only 8 left after coverting the others to LED)

WilSurf · « **Reply #108 on:** March 13, 2014, 09:59:56 AM »

The second loan-approved-due-date has passed and still nothing.
Now the lender wanted to know if the buyers had paid the deposit. Hello, that was done within 7 days of signing the contract. They have had 4 weeks to had this checked.
Don't know which lender they are using, but it seems not to be one of the bigger players. Our agent told me that the buyer lender is over east.
Hopefully it will come through today.
I asked our agent if there was a penalty for them as they are over their own new due date.

WilSurf · « **Reply #109 on:** March 13, 2014, 01:38:24 PM »

NEWS FLASH:

The buyer loan is unconditional approved, finally.
Now we can really get into packing as the settlement date is in 2 weeks time, the 28th.

Nomad · « **Reply #110 on:** March 13, 2014, 07:15:50 PM »

WOOHOO....Champagne time.

WilSurf · « **Reply #111 on:** March 20, 2014, 02:01:16 PM »

1 more week to go.
We are getting the garage door opener (!) tomorrow after the final inspection.
That means that we can move some stuff in the garage a week before settlement. That will certainly help as there are many boxes already in our way.
The final inspection for the buyers of our house is Monday.

When moving our internet and telephone yesterday, they told me that I am lucky. Our new house has cable.
That's what we had 10 years ago before we moved to Australia..............

Bunyip · « **Reply #112 on:** March 21, 2014, 07:33:47 AM »

Quote from: WilSurf on March 20, 2014, 02:01:16 PM

1 more week to go.
We are getting the garage door opener (!) tomorrow after the final inspection.
That means that we can move some stuff in the garage a week before settlement. That will certainly help as there are many boxes already in our way.
The final inspection for the buyers of our house is Monday.

When moving our internet and telephone yesterday, they told me that I am lucky. Our new house has cable.
That's what we had 10 years ago before we moved to Australia..............

WilSurf,

The only issue with cable I have found is how many others are sharing your segment. I found it to be very slow of a morning and after school. Over night it was very fast.

Most people have moved off cable now and gone to ADSL 2+ so hopefully you will be OK.

Bunyip

WilSurf · « **Reply #113 on:** March 24, 2014, 05:39:33 PM »

4 More days to go.....
The garage is filling up quickly.
Last Saturday we drove 4 times to the new house and unloaded the LX470 and the Fiesta (!). Yesterday 1 time with the LX and from now on every day at least once.
Saturday is Moving Day.
Friends from our 4WD club are helping out with trailers and a van.

WilSurf · « **Reply #114 on:** March 27, 2014, 09:58:22 AM »

And the drama continues.......

The buyers lender/bank isn't ready in order to settle on Friday.
And we are all set to move. Friends are ready, utilities have been informed and are switching over, Telstra comes on Monday.
Not happy.

Bunyip · « **Reply #115 on:** March 27, 2014, 12:38:16 PM »

Quote from: WilSurf on March 27, 2014, 09:58:22 AM

And the drama continues.......

The buyers lender/bank isn't ready in order to settle on Friday.
And we are all set to move. Friends are ready, utilities have been informed and are switching over, Telstra comes on Monday.
Not happy.

From our experience this is what happens. We were renting our next place so we just moved and let the house settle in it's own time. Took an extra week. The night before the second settlement date the solicitor rang to say he had isplaced a piece of paper that would stop the transfer going through. I made a 7 hour round trip to take our signed copy to him just to make sure it went through.

Good luck and I hope it works out OK with the new place.

Bunyip

Cruiser 105Tvan · « **Reply #116 on:** March 27, 2014, 06:35:10 PM »

Not good news, can you bill 'em for accommodation incurred expenses etc..
Tell 'em a recent Case Law Decision, under the Wild Bird and Bracken Real Estate Amendment Act allows it. Where a Breach of agreed terms on Sale Contracts occurs.
A Solicitor will see through this, but a seller and Bank Manager probably won't.
Hope it works out soon.

Hills Mum Bec · « **Reply #117 on:** March 27, 2014, 08:22:39 PM »

Ask for a Licence to Occupy. If it is their stuff up then they should be accommodating to it. I work in a Real Estate office & settlement delays happen a lot & a Licence to Occupy is commonly used in this scenario.

WilSurf · « **Reply #118 on:** March 27, 2014, 10:48:47 PM »

The seller of our new property has agreed to have us moved in before settlement.
But now the buyer had asked the their settlement agent to with hold money because:
1. the alarm system service light was on.
2. hot water system flow is reduced when second hot water tap is open.

What is going on................
that will not happen.
1. Rectified, just had to reenter the date and time
2. That's in every house we lived in but a plumber will have a look at it tomorrow.

Swannie · « **Reply #119 on:** March 28, 2014, 07:07:41 AM »

Quote from: WilSurf on March 27, 2014, 10:48:47 PM

The seller of our new property has agreed to have us moved in before settlement.
But now the buyer had asked the their settlement agent to with hold money because:
1. the alarm system service light was on.
2. hot water system flow is reduced when second hot water tap is open.

What is going on................
that will not happen.
1. Rectified, just had to reenter the date and time
2. That's in every house we lived in but a plumber will have a look at it tomorrow.

WilSurf · « **Reply #120 on:** April 02, 2014, 01:25:45 PM »

We have moved into the property last Saturday.
Our friends helped us with their utes, Patrols, a van and trailers.
Today (finally) is the settlement. The buyers bank is ready!

I had to fix the hot water system, which was only the replacement of the pressure valve.
But all the hassle you have to do.

Telstra was booked for last monday and we all stayed home as they should arrive between 2-5pm.
Whoever came, no Telstra. Now they will come this Friday.

kiwi_camper · « **Reply #121 on:** April 03, 2014, 07:37:45 PM »

We are renting and have just bought a house after 6 months of looking. There isn't a lot of housing stock in certain parts of Brisbane and we were so relieved to finally get a house, that we didn't want to risk missing out by asking the owner to do anything. Our settlement is the 22/4, the day after we get back from a 10 day camping trip over Easter LOL. Given we booked the holiday 2 years ago, we weren't cancelling because of moving house!

WilSurf · « **Reply #122 on:** April 04, 2014, 09:46:58 AM »

Enjoy the trip, before you move.

GraemeL · « **Reply #123 on:** April 04, 2014, 11:13:11 AM »

Congrats WilSurf, enjoy your new home

We are waiting on the various reports, builders, pest, electrical and sewerage to be forwarded. If they are all satisfactory We will be putting an offer, not as much as they are asking though, about 60k less.

JCOJ · « **Reply #124 on:** April 04, 2014, 11:41:41 AM »

Quote from: GraemeL on April 04, 2014, 11:13:11 AM

Congrats WilSurf, enjoy your new home

We are waiting on the various reports, builders, pest, electrical and sewerage to be forwarded. If they are all satisfactory We will be putting an offer, not as much as they are asking though, about 60k less.

Would you realistically sell your own home if you received an offer $60k less that what you were advertsing it for?? This is what I would say to you if you presented me with an offer like that in this market. I know you are trying to save a dollar and get a bargain, but as an agent I work for the owner and would tell them not to even consider it and that the buyer was being a douchebag (no offence to you but just giving you a perspective from the other side).

News:

Author Topic: Selling a house is frustrating (Read 27945 times)