Buying guide
Conditional offers: Everything buyers & sellers need to know
Get your sale or purchase right
AI summary
A conditional offer allows you to perform due diligence on a property before the sale becomes final, protecting your deposit if you need to withdraw.
Common conditions include finance approval, a building report, and a LIM check. In a multi-offer situation, fewer conditions are more attractive to sellers. A poor building report can be a tool for price negotiation, but be aware sellers may add a cash out clause.
Always consult 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
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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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