澳洲Australia property Property Option - the nuts and bolts | Sy
在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m
Is there anyone in the forum who has the nuts and bolts of how to execute a deal using property option?
Any related information is welcomed.
The two main reasons for using a call option in real estate are:
1. to control some property while you get a Development Application done and
2. to control property that you intend to occupy or on-sell to others with some form of vendor finance.
We work in the second area and if you'd like to learn about real estate vendor finance in Australia, I suggest you do a search for Vendor Finance here. You'll get an immense amount of reading material in this forum.
A few web resources that may help in your search for information about vendor finance are:
http://www.vendorfinance.asn.au/ The Vendor Finance Association of Australia