Purchaser Defaults On Settlement Day

[Lauren69]

Sold our property and have purchased new property.
Purchaser hasn’t paid on Settlement Day and have been given another 12 days to settle. Meanwhile, we are incurring Penalties on the new property.

our property has been on sold several times since we signed the S&P Contract...

[McDuck]

Man does not live on bread alone.

Well that's what one wise teacher tried to tell my stupid little schoolboy ears - a long long time ago.

Being all go and little thought, at the time, it seemed like a daft thing to say.
Of course there was more, there were meat pies and...

[zanewiller]

My home is pointing toward the north, a little nursery, and 3 meters away there's the neighbor's home block facade. Neighbor runs a little B&B lodging, has quite recently finished structurally planned modifications and introduced 5 rather enormous hotness siphons next to each other on his south...

[johans]

Hi All,

I've been following conversations before but first time poster.

We have been approached by a neighbour who intends to develop their property, and needs to upgrade the sewage connection to the mains line which runs through our property. I've followed a few threads which...

[Alan1221]

How does a self employed person show Proof of Income to a landlord?...

[McDuck]

There seems to be a general consensus - in the financial sector (and related groups), that the property market is well on the way to its long needed downward correction.

Although, it's worth noting, that even a severe drop won't take much off the top of the previous two decade long price...

[Jellybean]

We put our house on the market in Nov/Dec 2021 and a purchaser went unconditional in Jan2021. They wanted a long settlement until 25/03/21 which we agreed to. A week before the settlement date a toilet leaked and the a small area of the bedroom carpet was wet for several days. The carpets are over 15...

[ctc]

Unsure how to interpret this bit of the Auckland unitary plan?

"(4) Where the boundary forms part of a legal right of way, entrance strip, access site or pedestrian access way, control in Standard H3.6.7(1) applies from the farthest boundary of that legal right of way, entrance strip,...

[McDuck]

...

[Anita]

Our new purchase of a property settles next week.

The sellers after being there for almost 50yrs Settle on their new property same day.

REA said their moving truck arrives to load & take their stuff at 3.30pm , on Settlement day.

We have reasonable concerns...

[Jonohello]

I'm a bit confused about what tends to be the best option when buying your first investment property?

1)Do I understand correctly that by holding the investment in a LTC (or Ltd Company), the tax you pay on rental income caps off at 28% as opposed to 33%?

2) If above is true,...

[donna]

Hi All,

Are we seeing unprecedented panic over the fear of missing out on a property? Tony Alexander in Stuff.



If you're on Facebook and see the gains some traders are making - e.g. if I read the post correctly SteveG made over $500K on one trade recently - it...

[nano]

I received a phone call from a staff of WorkSafe that someone in the public laid a complaint to WorkSafe that the roof work (water blasting for preparation for roof coating) is not safe and the roof may contain Asbestos.

The contractor's answer to me.

"she was concerned...

[ted432]

Hi there (first-time poster long time reader here),
I have been looking at some slightly older properties - 50s - 70s roughly and there are often changes from original floor plans and I am trying to work out which sorts of issues are ones that I should consider too risky. I get a lot of varying...

[Quantitative Easing]

What are some cheap (relatively speaking) areas to land bank in Auckland? Areas that will boom in the next growth face of the property cycle.