Synopsis Put your offer in writing Stipulate a 14 day finance clause in the contract Have a building and pest clause 30 days settlement is ideal Consider how much interest there is in the property before asking for special conditions When you make your offer use your full legal name it needs to be exact
@Fahrul thank you so much, really appreciate that. Any questions please let me know! Thanks again for your comment, for taking the time to leave a comment I'd love to take the time to post our book Home & Hosed to you - shoot me your postal address and I'll get it into the post jayden.vecchio@huntergalloway.com.au
Thanks David, great question. The finance clause is required when requiring funding from a bank or lender. If you are buying the property outright with cash, then this clause wouldn't be required. It would be wise to consult with a solicitor or conveyancer to ensure they review the contract plus include the relevant clauses to protect you.
Hi guys, love your videos they're so helpful thankyou! I found a home that I fell in love with and when I went to reach out to the agent, they said it was under offer and has been taken off the market and will let me know if it comes back up for sale... could you explain a little more about what it means when a property is "under offer"? And is there a way to still get into the running of it?
Hey Larissa, great question. "Under Offer" means someone else has the property under contract, and it is still conditional to them meeting their finance and building and pest clauses. In other words, the contract could still possibly fall over if their finance falls through or there are problems with the building and pest - so the property isn't quite sold yet. From the other perspective - lets say if you had got the property - if you had your offer accepted and signed your contract subject to 14 days finance +14 days building and pest the property would be "under offer" while you are in your 14 days finance/building and pest window. Your contract is still conditional upon you being happy with your finance and building and pest. Once you are satisfied with your finance and building and pest, you move to make the contract unconditional - this is also called "under contract" meaning you are locked in to settlement. That sucks that you missed out on the property you loved, sorry to hear that stay in touch with the agent you never know what can happen! Also because you took the time to add a comment i'd love to post you a copy of our book - shoot me your address and ill get it in the mail jayden.vecchio@huntergalloway.com.au
Wow, blown away by your detailed explanation! Thank you so much for taking the time to write all that up. It makes perfect sense, so much so it now seems like a silly question to begin with! 😅 You guys really have a way of explaining things that's so easy to understand. Your content is priceless and perfect for the inexperienced first home buyer! I wish I found you a long time ago. Your channel deserves so much more exposure!
Hi guys, just started following you and your videos are great so thankyou. My question is what do u think about offset account verse unlimited withdrawal home loan account?
Afternoon gents, thank you for these advice vids, awesome information. Regarding pest and building reports, can I get my own person to conduct the inspections or should i let them organise these? Thank you
Question around name I have four middle names on my birth certificate but my licence just has one of those so which should I use when making an offer ?
Why might a longer finance clause be bad? Does that just mean you have more time to come up with the money? And if youre worried about it being too long cant u decide to just get finance approved earlier?
Thanks Nitro, great question. Generally we are finding in a situation where there are multiple offers on the 1 property, having sharper clauses, such as a shorter finance clause can be the difference between having the offer accepted and not. This isn't always the case, however, might be the 1% that gets it across the line.
For free home buying resources, express of interest PDF and checklist and downloads check out the First Home Buyers Resources www.huntergalloway.com.au/resources/
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Synopsis
Put your offer in writing
Stipulate a 14 day finance clause in the contract
Have a building and pest clause
30 days settlement is ideal
Consider how much interest there is in the property before asking for special conditions
When you make your offer use your full legal name it needs to be exact
Thanks for watching 🙌 😊 nice! Great summary!
You guys are great! Thank you so much for your advice! Geniuine, real & honest!
No worries thanks so much for watching!! Cheers, Jayden.
Thank you for all your video,I'm planning to buy a house this year,and learning a lot from you
yeeeooowww thanks Emyah for watching!
This is awesome thanks it’s helped me a lot with buying a house.
Thankyou, great advice from you Blokes as always.
Our pleasure!
Nice video
@Fahrul thank you so much, really appreciate that. Any questions please let me know! Thanks again for your comment, for taking the time to leave a comment I'd love to take the time to post our book Home & Hosed to you - shoot me your postal address and I'll get it into the post jayden.vecchio@huntergalloway.com.au
You guys recommend 14 days finance clause what about when paying in cash no bank loan involvement also any on tips buying property with the cash?
Thanks David, great question. The finance clause is required when requiring funding from a bank or lender. If you are buying the property outright with cash, then this clause wouldn't be required. It would be wise to consult with a solicitor or conveyancer to ensure they review the contract plus include the relevant clauses to protect you.
Thank you!
You're welcome!
Hi guys, love your videos they're so helpful thankyou! I found a home that I fell in love with and when I went to reach out to the agent, they said it was under offer and has been taken off the market and will let me know if it comes back up for sale... could you explain a little more about what it means when a property is "under offer"? And is there a way to still get into the running of it?
Hey Larissa, great question. "Under Offer" means someone else has the property under contract, and it is still conditional to them meeting their finance and building and pest clauses. In other words, the contract could still possibly fall over if their finance falls through or there are problems with the building and pest - so the property isn't quite sold yet.
From the other perspective - lets say if you had got the property - if you had your offer accepted and signed your contract subject to 14 days finance +14 days building and pest the property would be "under offer" while you are in your 14 days finance/building and pest window. Your contract is still conditional upon you being happy with your finance and building and pest.
Once you are satisfied with your finance and building and pest, you move to make the contract unconditional - this is also called "under contract" meaning you are locked in to settlement.
That sucks that you missed out on the property you loved, sorry to hear that stay in touch with the agent you never know what can happen!
Also because you took the time to add a comment i'd love to post you a copy of our book - shoot me your address and ill get it in the mail jayden.vecchio@huntergalloway.com.au
Wow, blown away by your detailed explanation! Thank you so much for taking the time to write all that up. It makes perfect sense, so much so it now seems like a silly question to begin with! 😅
You guys really have a way of explaining things that's so easy to understand. Your content is priceless and perfect for the inexperienced first home buyer! I wish I found you a long time ago. Your channel deserves so much more exposure!
@@LR-zt3bp Never a silly question! Feel free to ask any other questions and if you have any ideas for future videos let me know! 🙌
Hi guys, just started following you and your videos are great so thankyou. My question is what do u think about offset account verse unlimited withdrawal home loan account?
Afternoon gents, thank you for these advice vids, awesome information. Regarding pest and building reports, can I get my own person to conduct the inspections or should i let them organise these? Thank you
Yes, best to get your own inspection :)
Question around name I have four middle names on my birth certificate but my licence just has one of those so which should I use when making an offer ?
They will go off birth cert as its your legal name.
Why might a longer finance clause be bad? Does that just mean you have more time to come up with the money? And if youre worried about it being too long cant u decide to just get finance approved earlier?
Thanks Nitro, great question. Generally we are finding in a situation where there are multiple offers on the 1 property, having sharper clauses, such as a shorter finance clause can be the difference between having the offer accepted and not. This isn't always the case, however, might be the 1% that gets it across the line.
@@MortgageBrokerAustralia makes sense appreciate the reply!
Thanks for watching!
For free home buying resources, express of interest PDF and checklist and downloads check out the First Home Buyers Resources www.huntergalloway.com.au/resources/
Do you guys operate in Sydney? Or can you refer someone in sydney
Hey Elizabeth, we help people all around Australia would love to help get in touch -www.huntergalloway.com.au/free-assessment/