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, reducing risk and upfront costs on checks like finance and building reports. Once satisfied, the sale becomes unconditional and legally binding.
While fewer conditions are stronger in a multi-offer situation, they can also be used to negotiate price if issues arise. Sellers may include a cash-out clause to accept better offers. Seeking legal advice is crucial for both parties.
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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