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, saving you from paying for checks on multiple homes. Your offer is subject to conditions being met within a set time.
Common conditions include:
- Finance approval
- Satisfactory building report
- LIM and title checks
Fewer conditions are more attractive to sellers in a multi-offer situation. It is crucial to get advice from a property lawyer before signing any sale and purchase 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
Search
Other articles you might like
