Posted to Waverley Leader (23/5/2014) on 26/5/2014 at 5:43 PM
Commenting on "Chinese family to auction off the contents of their Templestowe French-Chateau style mansion including Chinese vases worth $120,000"
http://www.heraldsun.com.au/leader/east/chinese-family-to-auction-off-the-contents-of-their-templestowe-frenchchateau-style-mansion-including-chinese-vases-worth-120000/story-fngnvlxu-1226928984753
Money can't buy experience. It does not only apply to overseas or local buyers, Chinese or other races.
I have come across several bad agents who do not fill documents properly which can result in rescission of the authority or sales should the clients notice the inaccuracy and take advantage of it. Many buyers get too excited to sign on the dotted line without hesitation, which can end up buying a dud, or get into financial deep end.
Not all Victoria real estate laws are the same as interstate laws and international laws. The real sale contract is a legal document, and for a property transaction generally worth hundreds of thousands dollars, and in this case millions of dollars, buyers must either read through the faint (not fine) prints properly and understand the content, or consult a more professional agent or legal professional to go through the details. It is advisable NOT to let the salesperson to brush through any details and tell you that the "section" is irrelevant. The buyer decides whether it is relevant or otherwise. When in doubt, DO NOT sign there and then.
In recent days, there are agent representatives marketing residential property and commercial business who may not have been in the real estate industry long, but have the knack of communicating in the language of the buyers. They are achieving very good trade in the niche market. They provide extra services including how to get round loopholes for various reasons.
For some new rich, paying high price for a property is NOT for the property value - it is a status symbol, and show-off mentality.
Commenting on "Chinese family to auction off the contents of their Templestowe French-Chateau style mansion including Chinese vases worth $120,000"
http://www.heraldsun.com.au/leader/east/chinese-family-to-auction-off-the-contents-of-their-templestowe-frenchchateau-style-mansion-including-chinese-vases-worth-120000/story-fngnvlxu-1226928984753
Money can't buy experience. It does not only apply to overseas or local buyers, Chinese or other races.
I have come across several bad agents who do not fill documents properly which can result in rescission of the authority or sales should the clients notice the inaccuracy and take advantage of it. Many buyers get too excited to sign on the dotted line without hesitation, which can end up buying a dud, or get into financial deep end.
Not all Victoria real estate laws are the same as interstate laws and international laws. The real sale contract is a legal document, and for a property transaction generally worth hundreds of thousands dollars, and in this case millions of dollars, buyers must either read through the faint (not fine) prints properly and understand the content, or consult a more professional agent or legal professional to go through the details. It is advisable NOT to let the salesperson to brush through any details and tell you that the "section" is irrelevant. The buyer decides whether it is relevant or otherwise. When in doubt, DO NOT sign there and then.
In recent days, there are agent representatives marketing residential property and commercial business who may not have been in the real estate industry long, but have the knack of communicating in the language of the buyers. They are achieving very good trade in the niche market. They provide extra services including how to get round loopholes for various reasons.
For some new rich, paying high price for a property is NOT for the property value - it is a status symbol, and show-off mentality.
