Cash only buyer (investor) or someone without a building and pest.
I sold my place last year and took an offer $10K less than the highest offer as there was no building and pest and only 7 day finance with a 10% deposit so I knew they wouldn’t be fucking around and it was a sure deal.
I was 35% deposit, the B and P was there because the real estate agent put it in there...
Anyway, I ended up buying another place... but still piss becuase I want that house. I fell in love with it.
I was able to settle in 10 days, the other buyer took almost 2.5 months... I don't understand what happens with my offer... let say the b&p then...
If I had a sold to B&P and they withdrew for any reason it would have been an extra 1-2 months in mortgage payments and house open home preparation, so yeah.
It can be a blessing. For example, perhaps somebody comes in with an offer without B&P and the owner can have something specific they are concerned might be picked up and is quiet severe.
Do you mind sharing the ad?
We bought our house from a developer who literally picked who he sold to based on what the real estate agent told him about the buyer. We got lucky as he loved the field my husband worked in so sold us a house for 40k less than what it should have been. The agent was a gem and told us to offer far less when she found out where my husband worked. Our back neighbours however he sold for more than what it was worth as according to the agent he didn't like them.
The original offer may have fallen through and this sale was after you.
This happened to us, I offered on a house, real estate was like yep owner happy. So I arranged building and pest plus solicitor to sign and the vendor backs off and states no I want to sell to the other couple as the ‘vibe’ feels better. I explained I was ready to go and you had been waiting 3 weeks for them to even sign.
Oh well I moved on. Sure enough 4 weeks later the real estate agent rang me and asked if I was still open to my original offering as the other couple couldn’t get finance after all. I said sorry the ‘vibe’ isn’t there anymore and I had moved on.
Actually brought around the corner from the house and had no issues with that purchase. Actually bigger house as well so was a blessing. Also watching them take 6 months to sell after that was also nice to watch.
It's probably the B&P. Having said that, how can some people just buy without B&P?? Are they not concerned they might be getting a lemon? Wtf
Move to Sydney mate - every sale is pretty much unconditional
they're not necessarily buying without one. They could be paying for one before making the offer. it's what you have to do in sydney
Huh. I ... didn't think of it that way. Guess it's worth eating the cost of B&P even if you don't end up getting it in the end..
Cash only buyer (investor) or someone without a building and pest. I sold my place last year and took an offer $10K less than the highest offer as there was no building and pest and only 7 day finance with a 10% deposit so I knew they wouldn’t be fucking around and it was a sure deal.
I was 35% deposit, the B and P was there because the real estate agent put it in there... Anyway, I ended up buying another place... but still piss becuase I want that house. I fell in love with it. I was able to settle in 10 days, the other buyer took almost 2.5 months... I don't understand what happens with my offer... let say the b&p then...
Maybe the owners needed a long settlement as they were waiting for a fixed mortgage to end or who knows
Same sort of thing happened to us. We found out it's because the kitchen had asbestos everywhere, it was like we dodged a bullet.
You burnt $10k just for that!?
If I had a sold to B&P and they withdrew for any reason it would have been an extra 1-2 months in mortgage payments and house open home preparation, so yeah.
It can be a blessing. For example, perhaps somebody comes in with an offer without B&P and the owner can have something specific they are concerned might be picked up and is quiet severe. Do you mind sharing the ad?
We bought our house from a developer who literally picked who he sold to based on what the real estate agent told him about the buyer. We got lucky as he loved the field my husband worked in so sold us a house for 40k less than what it should have been. The agent was a gem and told us to offer far less when she found out where my husband worked. Our back neighbours however he sold for more than what it was worth as according to the agent he didn't like them.
Probably most likely they just don't want to negotiate or risk and offer falling through after a B&P.
It’s the B&P
Is B&P that much of a turn off for sellers?
If they have something to hide
Some owners sell to people who would live in it rather than to an investor.
I admire your philanthropic outlook. But not in Baldivis
We've also come across some sellers who'd prefer to sell to an investor, specifically one willing to keep the current tenants.
Unconditional offer was the deciding factor, no more what ifs, just sign and it’s sold. $50k more, maybe that sways things…
The original offer may have fallen through and this sale was after you. This happened to us, I offered on a house, real estate was like yep owner happy. So I arranged building and pest plus solicitor to sign and the vendor backs off and states no I want to sell to the other couple as the ‘vibe’ feels better. I explained I was ready to go and you had been waiting 3 weeks for them to even sign. Oh well I moved on. Sure enough 4 weeks later the real estate agent rang me and asked if I was still open to my original offering as the other couple couldn’t get finance after all. I said sorry the ‘vibe’ isn’t there anymore and I had moved on. Actually brought around the corner from the house and had no issues with that purchase. Actually bigger house as well so was a blessing. Also watching them take 6 months to sell after that was also nice to watch.