???? This might get messy...
| # | Post |
|---|---|
| 1 | https://www.stuff.co.nz/business/126069100/peter-thiel-mansi Might get expensive too! lovelurking - 2021-08-15 16:59:00 |
| 2 | Might get particularly messy if 18 tonnes of Swiss granite gets displaced when the Alpine Fault goes too! seaqueen - 2021-08-15 18:12:00 |
| 3 | Lawyers will be rubbing hands together, bother about covid, holiday destinations are a bit limited maddie44 - 2021-08-15 18:17:00 |
| 4 | Doesn't a real estate contract have to be in writing? This seems to be just verbal with no signed agreement. masturbidder - 2021-08-15 21:40:00 |
| 5 | The member deleted this message. gunna-1 - 2021-08-16 02:24:00 |
| 6 | masturbidder wrote:
A verbal contract is perfectly legal. But without a recording or witness it is near unenforceable if challenged. tony9 - 2021-08-16 11:02:00 |
| 7 | I get the impression that the OP's reference would indicate less than 1% of this happening in the last year, even with a contract. Standard contract allows this, but I don't think many buyers realise it until they get stung. tony9 - 2021-08-16 11:05:00 |
| 8 | tony9 wrote: Not for the sale of real estate, it must be in writing and contain all the terms and conditions by which the parties intend to be bound. He will get nowhere with this. ebygum1 - 2021-08-16 17:45:00 |
| 9 | tony9 wrote:
Not for the dissposition of land and certain other contracts e.g. credit. Edited by johnston at 5:53 pm, Mon 16 Aug johnston - 2021-08-16 17:52:00 |
| 10 | tony9 wrote: standard contract allows what? sparkychap - 2021-08-16 17:55:00 |
| 11 | ebygum1 wrote:
How do you know it's not in writing? They may have agreed price and terms and put them on the back of a drinks coaster. committed - 2021-08-16 18:20:00 |
| 12 | tony9 wrote:
The courts regularly enforce verbal agreements. johnston - 2021-08-16 18:28:00 |
| 13 | sparkychap wrote:
Not directly, but it is common now to include the Cash out clause... https://smithpartners.co.nz/property-law/what-is-a-cash-out- tony9 - 2021-08-16 18:48:00 |
| 14 | tony9 wrote: so not the standard contract then. And I think most buyers will spot that clause if inserted… sparkychap - 2021-08-16 18:54:00 |
| 15 | It’s going to be interesting to watch this unfold. I would have expected I’d need to sign (and have the sellers signature accepting the offer) an unconditional purchase agreement before I thought of it as my new property if I was the buyer... If I was the seller, I sure as hell wouldn’t give anyone access to the property until the money was in my lawyers bank account. lovelurking - 2021-08-16 20:52:00 |
| 16 | Still for sale... https://wallrealestate.co.nz/property/24-edinburgh-drive-que No caveats on the title though. sparkychap - 2021-08-17 06:56:00 |
| 17 | sparkychap wrote:
You do know that sometimes a property that is being advertised for sale may have already sold. committed - 2021-08-17 07:26:00 |
| 18 | committed wrote: Golly gosh, are you suggesting the agent might be misrepresenting or incompetent? sparkychap - 2021-08-17 08:54:00 |
| 19 | The odd one for me is that the buyer states they were with “their” estate agent (an experienced Bayleys sales person of 12 years). You’d have thought that anyone representing the buyer would immediately move to get the paperwork in place. The selling agent would also know that it was in the interest of their client to get ink on paper ASAP. Something very odd about this story for sure. sparkychap - 2021-08-17 09:18:00 |
| 20 | sparkychap wrote:
My lawyer told me that you can’t just go and put a caveat on a property because you are pi$$ed off with the owner... Perhaps there isn’t a caveat and we are merely watching a bitch fight between a few rich listers? ???? ???? ???? ???? ???????? lovelurking - 2021-08-17 10:28:00 |
| 21 | But you can lodge a caveat if you believe you have an interest in the property. Which is what this person claims. sparkychap - 2021-08-17 10:53:00 |
| 22 | I think there we are not in possession of all the facts. onl_148 - 2021-08-17 11:50:00 |
| 23 | lovelurking wrote:
Well you can, but you will be liable for damages. Your lawyer is right. johnston - 2021-08-17 11:57:00 |
| 24 | onl_148 wrote:
Pretty much right I suspect, except we don't know what the agent actually said. He may have acted completely appropriately, or he is now trying to cover his tracks. If he did say those things alleged I would hate to be in his shoes. Either way, it won't help McGee secure the property. johnston - 2021-08-17 12:04:00 |
| 25 | committed wrote: Because it stated they had a verbal agreement ebygum1 - 2021-08-17 17:15:00 |
| 26 | “McGee acknowledged he had not received anything in writing confirming his offer had been accepted.“ That doesn’t mean McGee didn’t put his offer in writing. committed - 2021-08-17 17:35:00 |
| 27 | This is an exception to the "in writing and signed" requirement for the contract to be enforced but it is rarely successful. johnston - 2021-08-18 07:39:00 |
| 28 | committed wrote:
I'm looking for somewhere to buy and often the houses advertised for sale already have offers on them. I think the agents should update their listings and say there are offers. spidermurti - 2021-08-18 09:08:00 |
| 29 | spidermurti wrote:
You mean an agreement, not an offer. johnston - 2021-08-18 09:59:00 |
| 30 | tony9 wrote:
There was a witness. If it comes to the worst I'm sure GoPro man can afford to buy some land in Queenstown build a similar house. houseofdad - 2021-08-18 10:28:00 |
| 31 | houseofdad wrote:
Unless they wrote and signed on the witness it is irelevant. johnston - 2021-08-18 10:30:00 |
| 32 | houseofdad wrote: If only he had a handy high res camera running... sparkychap - 2021-08-18 10:33:00 |
| 33 | johnston wrote: That's almost as good as "Snot on a dead fish"... sparkychap - 2021-08-18 10:34:00 |
| 34 | sparkychap wrote:
A classic! johnston - 2021-08-18 10:40:00 |
| 35 | everybody likes to see people with money have shitty life problems too. bitsnpieces2020 - 2021-08-18 12:03:00 |
| 36 | SOLD https://wallrealestate.co.nz/properties/ committed - 2021-08-18 22:15:00 |
| 37 | committed wrote:
That didn’t take long. Someone will be very happy! I wonder who won? lovelurking - 2021-08-19 07:26:00 |
| 38 | johnston wrote:
Cheers There was a conflict of interest with the witness to boot. houseofdad - 2021-08-19 10:50:00 |
| 39 | sparkychap wrote:
That is so funny. houseofdad - 2021-08-19 10:51:00 |
