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
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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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