Buying guide
Conditional offers: Everything buyers & sellers need to know
Get your sale or purchase right
AI summary
A conditional offer lets you secure a property while completing due diligence. Your offer is subject to conditions being met within a set timeframe, such as:
- Securing finance
- A satisfactory building report
- Lawyer's approval
Once satisfied, the offer becomes unconditional and legally binding. In a multi-offer situation, fewer conditions are more attractive to sellers. Buyers can use issues found during due diligence to negotiate price. Always seek legal advice before signing any agreement.
What is a conditional offer?
Stuff you need to know about conditional offers
If you need more time you can negotiate with the seller
Before you buy or sell there are a few things you should know about sale and purchase agreements.
You can use your conditions to negotiate
In a multi-offer situation, fewer conditions is usually better
Your offer can be for a limited time
.jpg)
Make sure you get good advice if you don't understand your sale and purchase.
Common conditions to consider
Get expert advice before signing any agreement
Author
Discover More
All Blacks vs Ireland: What NZ’s average asking price buys in the Emerald Isle
As the All Blacks face Ireland, we look at how NZ's property market stacks up against the Irish.
'I wouldn't say we agreed instantly': The renovation that brought an old school back to life
A derelict Southland school becomes a vibrant home after a three-year, $250,000 renovation.
Search
Other articles you might like
