Buying guide
Conditional offers: Everything buyers & sellers need to know
Get your sale or purchase right
AI summary
A conditional offer allows buyers to secure a property while completing their due diligence. This protects you by allowing you to withdraw if conditions like finance or a building report aren't met within a set timeframe.
Common conditions include:
- Finance approval
- Satisfactory building report or LIM
- Solicitor's approval
In a multi-offer situation, fewer conditions are more attractive to sellers. Always seek legal advice from a property lawyer 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
The Wellington suburb buyers never want to leave
Island Bay is Wellington’s most watchlisted suburb, offering a coastal lifestyle buyers rarely leave.
From London to Island Bay: One family’s patient path to the right home
A year of renting helped this family pick the perfect Island Bay home, then a pre-deadline offer sealed the deal.
Search
Other articles you might like
