13 worst mistakes buyers make, according to Neil Jenman

[Letterman]

Exceeding your future financial limits
Buying what you want instead of what you need
Ignoring the extra costs & the hidden costs
Failing to research the area
Tolerating poor service from agents
Taking the bait about the quoted price
Losing money with auctions
Being unprepared for Gazumping
Being too 'clever' with an offer
Not getting INDEPENDENT inspections & advice
Being too quick or being too slow
Being caught by an Investment scam
Failing to complain

http://www.jenman.com.au/BS_Buyers.php

[jase31]

what is Gazumping

[Dean@Massiveaction]

In some Ozzie states and in the UK you can have your agreement "gazumped" by a better offer right up to settlement day. It's like having an unconditional S&P but the vendors are allowed to take a better offer whenever they like.

[Mark_B]

Dean's right in his description of gazumping, but I have never heard of it happening to someone. Afaik "anti-gazumping" laws are now in place in most (all?) Australian states and territories.

Still, the niave, the stupid, and the downright stingy (eg. too cheap to pay for a lawyer) will always be ar risk.

But then as Einstein once said - only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

M

[Monid]

Happens in the UK reasonably frequently, or so I hear.

[Perry]

But then as Einstein once said - only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

To which might be added the human capacity
for self-deception and wishful thinking.

[xris]

But then as Einstein once said - only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

M

If the universe is expanding it must have an end position or boundary line, so how can it be infinite?

xris

[spaceman]

Duhh!!!

If the universe is expanding it must have an end position or boundary line, so how can it be infinite?

xris

If the universe isn't expanding, it may not have an end position or boundary line.....so it may well be infinite.

You started your sentnce with an "if", and then ended your question like it wasn't there.


Cheers
Spaceman

[Letterman]

The Universe is not only expanding, its speeding up its expansion in the process.

[xris]

If the universe isn't expanding, it may not have an end position or boundary line.....so it may well be infinite.

You started your sentnce with an "if", and then ended your question like it wasn't there.


Cheers
Spaceman

Hello spaceman,

Agreed, my question was conditional, but it was also rhetorical.

I do not know exactly when Einstein made that comment, but if he made it before Mr Hubble made his discoveries, as he may well have done, then the error in his, Einstein's, statement is excusable.

xris

[Halfway To Paradise]

Hello spaceman,

Agreed, my question was conditional, but it was also rhetorical.

I do not know exactly when Einstein made that comment, but if he made it before Mr Hubble made his discoveries, as he may well have done, then the error in his, Einstein's, statement is excusable.

xris

If the universe is still expanding does that make a mockery of the old saying "buy land because they aren't making any more"???

Rob

[downturn9]

If the universe is still expanding does that make a mockery of the old saying "buy land because they aren't making any more"???

Rob

That's why a slump of all slumps plus crash will come when we found (or made) Mars habitable. At that time all of you shall switch to planettalk . com

[Serendipity]

Gazumping is alive and well

To add my own personal experience from London, I was gazumped on two properties before the third deal went through successfully.

The process of buying property in the UK is archaic and slow, and a money waster as surveys need to be done before signed documents are exchanged, and the seller can choose to accept a better offer or even just ignore you at any time.

Serendipity