Buying guide
Conditional offers: Everything buyers & sellers need to know
Get your sale or purchase right
AI summary
A conditional offer allows buyers to perform due diligence before a property purchase becomes legally binding, saving money on reports. Once conditions like finance or a building inspection are met within the agreed time, the sale is confirmed.
In a multi-offer situation, fewer conditions are more attractive to sellers. Buyers can also use unsatisfactory report findings to negotiate price. Sellers may add their own terms, like a cash out clause. Always get legal advice before signing an 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
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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
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