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Making an Offer

By Claire Briggs


Missing out on a property that you have your heart set on can be a very disappointing experience. Here’s some useful information to help you understand the buying process.
It’s important to understand the following when making an offer:

  • The agent will submit all offers to the vendor
  • The property remains on  the market while the vendor considers all offers. Just because your offer is the first one submitted, this does not necessarily mean that it will be accepted
  • Your offer may include a date by which it will lapse if not accepted
  • An offer may be subject to a finance clause, i.e. bank approval, sale of an existing property or another consideration such as a builder’s inspection
  • You can make your offer conditional on certain items (such as a dishwasher being included or excluded from the contract). Any special conditions must be written into the contract
  • An offer is not legally binding on both parties until the buyer and seller have signed a contract
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