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{ 13 comments… read them below or add one }
Hi,
I bought a property thru auction. it is 40 years old and need to do a depreciate schedule. what is the cost and what does it have or does it worth it to do?
My wife and I are nearing retirement age and if possible selling our home to a company that would let us retain lifetime occupancy.
Hi Chris
I’m a first home buyer and just wanted to share with you how helpful your website has been throughout my home ownership journey. Thank you
Thank you so much, your website is brilliant, Caz
Hi, I have been searching for a property to buy. On two occasions now I have contacted the agent about viewing an advertised property and they have informed me it is under contract, however the property advert status remains for sale. Any there any laws for the agent around changing the status of the sale in the advertisement? Also the latest property I have enquired about declared ‘Agent interest disclosed’- could this mean they are not letting people view as they wish to buy the property themselves?
Hi,
We urgently need your advice!
We signed a contract on a property in QLD just before christmas that has gone unconditional, however settlement is not until the end of the month. The house went under in the floods last week, and, obviously has dropped substantially in value, not to mention, needs significant repairs.
Is there any way of voiding the contract on the house? We don’t have the extra money to be fixing it, nor do we want to be making full payments on a house that has halved in value. So far all our efforts have come up with nothing. Can you please provide any advice!
Thanks
Hi Chris,
We want to emigrate from China to west Australia, and are willing to buy houses and farms there. Could you help?
Hi Cathy,
I am happy to help if I can, so please let me know what can I do for you.
Cheers,
Chris
Hi, You have a great site here with really useful resources! Glad to have found you!
My son was renting his first flat and the contract ended on 21st november 2012. He told the real estate he was not moving back into his home until December 21st but the real estate told him he could stay on on a monthly basis. Now he has received a court summons telling him he is liable for $200 a week rent until they find another person to rent and all court costs. My son is on a very limited wage and we do not know how to handle this. Any advice would be welcome. By the way he paid the rent weekly and kept the real estate informed on when he would be vacating the flat. Thank you for any help or advice.Shirley
Hi Shirley,
If yous son hasn’t sign a new, fixed term lease then he was renting month to month, in this case he has an obligation to inform the estate agency a month prior to moving out (in writing), but other than that – no, he shouldn’t be paying the rent indefinitely until they find another tenant. Has he given them a proper notice? Which state are you in? Do they claim your son has a fixed term lease that he is breaking?
thank you for your reply. No it was a week by week agreement with the real estate agent and he told them each time he paid the rent exactly which day he would be moving out but he did not put it in writing. He works as a labourer away from the town…in Victoria…and leaves at 6am and gets home after 5pm.
He went around to the block of flats yesterday and asked a neighbour if the flat has been rerented and she said no.The agent will not even show people around.
I am sorry to bother you but we live miles away and feel so helpless .Reading back I mean it was a week by week thing after the end of the 12 month lease agreement finished.Shirley
I’m not sure what happens with week-to-week agreements (they are pretty rare). In case of month-to-month periodic agreement he only had to give them a written 28-days notice before moving out, sent via registered mail or delivered in person to the agency. If delivered in person, he needs them to sign for it and stamp it with their agency stamp that has a date. The agent must advertise the flat for rent, because legally they must minimise their rental losses in any way possible.