I'm new here, please be nice
So I have bought a property at auction in Victoria in Spetember 17.
I bid 648k at auction but the agent has put 649k on contract as sale price. The land is clear without any caveats and 80+ % of the price I paid is land value.
I have not done pre-inspection of the building and showed up at auction and bought the property. The agent is not providing me inspection as he says it should be done before inspection. He is not providing me with a list of 'inclusions'. He is also not letting me complete a final inspection – clearly mentioned in contract that I have a right to it.
The settlement is due in mid-December. I changed my conveyancer to legal firm – but they are all the same – just siphoning my money.
What can I do if I am not allowed a final inspection under property law? What if they remove items from the property ?
I know I can withold up to 5000 after final inspection. My lawyers asked me to sign the transfer documents for 649k but I am unhappy with it – I have still signed them in preparation for settlement.
Can I delay settlement without being enalised if the agent is not complying with my various requests?
Thanks for your help in adavance!
Regards,
Update :
I still do not have a list of inclusion. They have not allowed me measurements of land etc and they have not changed the price to 648K. They are not allowing me final inspection.
Comparitive sales a simialr to price I paid or a bit higher compared to the price I paid. Around 85% of price I paid is for land.
The new lawyers are no good but they have atleast stopped release of 10% for my benefit. Ideally I would like to get the property in perfect condition with all inclusions
Thansk a lot!
So I have bought a property at auction in Victoria in Spetember 17.
I bid 648k at auction but the agent has put 649k on contract as sale price. The land is clear without any caveats and 80+ % of the price I paid is land value.
I have not done pre-inspection of the building and showed up at auction and bought the property. The agent is not providing me inspection as he says it should be done before inspection. He is not providing me with a list of 'inclusions'. He is also not letting me complete a final inspection – clearly mentioned in contract that I have a right to it.
The settlement is due in mid-December. I changed my conveyancer to legal firm – but they are all the same – just siphoning my money.
What can I do if I am not allowed a final inspection under property law? What if they remove items from the property ?
I know I can withold up to 5000 after final inspection. My lawyers asked me to sign the transfer documents for 649k but I am unhappy with it – I have still signed them in preparation for settlement.
Can I delay settlement without being enalised if the agent is not complying with my various requests?
Thanks for your help in adavance!
Regards,
Update :
I still do not have a list of inclusion. They have not allowed me measurements of land etc and they have not changed the price to 648K. They are not allowing me final inspection.
Comparitive sales a simialr to price I paid or a bit higher compared to the price I paid. Around 85% of price I paid is for land.
The new lawyers are no good but they have atleast stopped release of 10% for my benefit. Ideally I would like to get the property in perfect condition with all inclusions
Thansk a lot!