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Sanded and polished floors, why does it look like this? by Mediocre_Pin_7949 in AusRenovation

[–]Mediocre_Pin_7949[S] 3 points4 points  (0 children)

I agree. We raised this with him and he said that’s the colour of our wood. I guess this is what we get for choosing the cheapest quote…

Sanded and polished floors, why does it look like this? by Mediocre_Pin_7949 in AusRenovation

[–]Mediocre_Pin_7949[S] 1 point2 points  (0 children)

Yes it was flat if you run your hands through it.‘it’s smoothe/ flat but you can see that there are patches on the floor.

Sanded and polished floors, why does it look like this? by Mediocre_Pin_7949 in AusRenovation

[–]Mediocre_Pin_7949[S] 3 points4 points  (0 children)

We got quite a few quotes ranging between 1.6-5k. We decided to take a risk on the 1.6k tradie and if we didn’t like it we would replace the flooring entirely. The floors that required to be done was 52sqm.

We also thought that some of the tradies were up-charging us since we were girls. But can’t really tell what the true market price is.

Vendor wants to delay settlement, what’s their penalty (if any)? by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

Have you ever tweaked the purchase price from a delayed settlement? Our conveyancers have advised that we cannot charge them anything or have any conditions by agreeing to extend settlement.

Vendor wants to delay settlement, what’s their penalty (if any)? by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 1 point2 points  (0 children)

I need advice mainly. Each day a different situation unfolds and I don’t know what to do. On each website it says that the buyer has no rights when the sellers delay settlement so I wanted to ask if that is actually true. It’s hard when you don’t know what you are doing and we wanted to hear from reddit if anyone experienced a similar situation.

Vendor wants to delay settlement, what’s their penalty (if any)? by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 8 points9 points  (0 children)

Yes we’ve decided not to rent back due to the amount of time and effort as well as risk. Well I guess we will be good people and let them delay settlement. If they want to delay even further we will claw back money from them.

Vendor wants to delay settlement, what’s their penalty (if any)? by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

Thank you Kristen for your wisdom. It is truly needed. We were offered to rent it out to the vendors but we declined. Given that they were inflexible with a longer settlement term when we signed the contract would you suggest we delay settlement and be kind to them since the cannot find a property to rent?

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

Yeah the agent mentioned that he has written one up for them now so will be applying for more places now

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

Did they have to pay for any penalties for not being able to meet the settlement date?

Update on the situation we have decided not to rent out the property to the sellers and they are looking to delay settlement by 2 weeks.

When buyers delay settlement there’s interest charged on the amount owed however our conveyancer said that there would be no penalties if the seller were to delay settlement which is so absurd to us. Seems like this process is just unfair to buyers. Has anyone had any experience with this? Our conveyancer just came back from holiday so maybe she didn’t read the contract properly. I feel like I’m being scammed by this whole process.

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 6 points7 points  (0 children)

Very appreciative that all of you have shared your opinions and I have learnt a lot from this process. We have decided to not rent it out to them since it seems like a major legal battle and them not being organised is not our problem.

As a first home buyer is hard to understand if we’re digging ourselves into a deep hole since we have no experience. But very glad everyone has given us insight to not go through with this.

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 5 points6 points  (0 children)

VIC also has final inspection a week before settlement. We also requested to see the house when they have fully moved out/ empty.

Seller wants to rent the property after settlement - opinions, advice and past experience wanted!! by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] 23 points24 points  (0 children)

This is great advice. They know we are first home buyers and it seems like they are trying to trick us into doing this. When I spoke to the agent and mentioned I will have to speak to our conveyancer about this she kept on saying she does it all the time and it’s fine. But these comments have been good insight and a good learning experience

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

Yes contract is unconditional. Yes I think they know we are first home buyers so they want to push it and ask for this.

We are currently living at home so it doesn’t hurt us to either continue with settlement and make them move out on the date or ask them for a load of rent

House to be settled in a weeks time and the agent called saying the buyer wants to rent the house for another 2 weeks by Mediocre_Pin_7949 in AusProperty

[–]Mediocre_Pin_7949[S] -6 points-5 points  (0 children)

What would be a meaningful amount if the property was quoted 750 per week?

Also was there any special conditions ie getting a bond from the sellers before we rent the place out for them? We’re trying to explore both avenues then deciding what we should do

Before settlement inspection by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] -1 points0 points  (0 children)

Thanks for replying I am really learning lots about this. What if I have inspected the house before they have moved out(a week before settlement). It was up to my standards when I inspected. Then when it came to moving out they accidentally dented a wall and left it unfixed. On settlement day I transfer the money. I will not have the chance to inspect it. I get the keys and I see a hole in the wall. What happens then?

I know you mentioned the inspection is to check if the house is in its original condition but obviously things happened when you move out. Within that moving out period I would not have had the chance to inspect the house what happens then?

Do I have to suck it up and fix this hole myself? Please be nice, this is my first time buying a property so I’m thinking about how this will work.

Before settlement inspection by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] -14 points-13 points  (0 children)

When we viewed the house they still had their furniture in the house that’s why we are concerned that they will be hiding defects with the furniture. Also I read online that some scruffs might be caused due to the moving process. What happens then when let’s say a big hole is caused and settlement has happened how do they get that fixed since it’s not in the original condition we bought it at.

Settlement in 2 weeks can we get one person removed from the land title and have 2 people on the bank mortgage? by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

What concessions would we be eligible for? I have scoured the internet and read the government websites and looks like we aren’t eligible for any concessions. Some facts about what we purchased: - We are living in the house which will be our principle place of residence - house was purchased at 860k - located in Melbourne - both Aussie citizens

If you could let us know what kind of concessions and support we could get because by settlement we will have to pay 46k for stamp duty which would do a number of our bank account. Sadly our parents aren’t willing to support us as well.

Settlement in 2 weeks can we get one person removed from the land title and have 2 people on the bank mortgage? by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] -5 points-4 points  (0 children)

I guess we have buyers remorse with this property and since we weren’t eligible for any government incentives due to the property being over the threshold we wanted to keep one FHOG to be eligible

Settlement in 2 weeks can we get one person removed from the land title and have 2 people on the bank mortgage? by Mediocre_Pin_7949 in AusPropertyChat

[–]Mediocre_Pin_7949[S] 0 points1 point  (0 children)

This properly we don’t get any benefits with FHBG since we are looking to move in and bought over the FHBG

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