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 after their offer is accepted, making the purchase subject to certain conditions being met within a set timeframe. This protects you while you check key details.
Common conditions include:
- Securing finance
- A satisfactory building report
- Lawyer's approval of the LIM
In a multi-offer situation, fewer conditions are more attractive to sellers. Sellers may also add clauses, 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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