Hi All,
Ok so I have come to an agreed amount with current owner and now I am trying to find out the process from here. The owner emailed me a said.....
"From memory, I think this is how the procedure works:
On receipt of a 10% deposit, payable in Australia, they proceed with the process of preparing the transfer of documentation into your name, and for this they will require your full details (address, date of birth, etc, etc). When those deeds have been prepared the balance is payable by bank transfer to the Commonwealth Bank in Kuta, and on receipt of that, everything is lodged in your name. Tricia and I will be in Bali from 25 October to 31 October and can sign any necessary papers at that time, and then everything, including an English translation will be couriered or emailed to you."
My question: does that mean I do not get to see paperwork until all money has been paid? if not, when in the process should I be seeing some paperwork?????
I know the current owner and it's not that I don't trust him, it's just that it's a new process for me and I was always told never pay anything until you have read the fine print.
Ok so I have come to an agreed amount with current owner and now I am trying to find out the process from here. The owner emailed me a said.....
"From memory, I think this is how the procedure works:
On receipt of a 10% deposit, payable in Australia, they proceed with the process of preparing the transfer of documentation into your name, and for this they will require your full details (address, date of birth, etc, etc). When those deeds have been prepared the balance is payable by bank transfer to the Commonwealth Bank in Kuta, and on receipt of that, everything is lodged in your name. Tricia and I will be in Bali from 25 October to 31 October and can sign any necessary papers at that time, and then everything, including an English translation will be couriered or emailed to you."
My question: does that mean I do not get to see paperwork until all money has been paid? if not, when in the process should I be seeing some paperwork?????
I know the current owner and it's not that I don't trust him, it's just that it's a new process for me and I was always told never pay anything until you have read the fine print.