I couldn't agree more. It's a bit of a catch 22. Every vendor thinks their apartment deserves a higher price, but nobody will obtain that...
I've also been involved in some of these (both as vendor, and acting for vendors). A few observations: Don't waste your time until you can get...
Sorry - they didn't create a new bedroom. Just-relocated it. Couldn't find anything on the IWC website. Timing would've been pretty tight to get...
Looks pretty tidy - I hope they do well. Judging from the before & after photos... it looks like they've moved some walls, relocated the kitchen,...
I always understood that the deposit was held by the agent as trustee on behalf of both the buyer and seller. If the agent wont release the...
Sorry about yr driveway! Generally speaking, the Council will be responsible for their contractors so don't let them fob you off. If you've got...
You really need to get advice on the contract terms. The problem you're facing is always a possible issue with OTP contracts and should've been...
Personally, I'd transfer this matter to my lawyer. It sounds as though you will likely be entitled to the deposit, but you need to be very...
Have a look out for any clause that limits your rights as a purchaser. For example, its v common too see a clause that restricts your right to...
I've seen this done. All of the owners (4) of a strata complex put the whole building up for auction. They used the same solicitor for...
Your rights are set out in the contract. Speak to your lawyer and ask her/him to explain your options. If the draft strata plan changed...
A lot of commercial/retail leases include change of control provisions to catch out if the shareholding of the lessor changes. In practice, its...
There's plenty of info online... google 'enforcing NCAT order' and 'enforcing a judgement debt nsw') You need to get a certified copy of the...
There's a few things here: Is there any cooling-off period? If so, you may be able to exit the contract You should also check if there are any...
I agree with SNM, there's no need to counter-offer. Just reject their offer as too low. Be sure not to sign any documentation offered to you by...
If you simply want to exit the contract because you've changed you're mind, normally you'd forfeit the entire deposit at a minimum. You should...
Not that I know of. But with all these OTP developments in Sydney, I am sure I'll read about it someday! Probably the uncertainty itself would...
Might depend on the will and any specific directions to the Executor I guess. But the money to fund the purchase will probably have to come from...
Thanks TW! Yup that's what I was thinking too. I just wasn't sure if an executor could hold off making final distributions to beneficiaries...
Interesting post TW... I have a query couple agree to buy OTP property as tenants in common not due to settle for 3-4 years special condition...
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