Hi
I'm about to make my first offer on a property. What conditions should I attach (or what conditions -can- be attached) to cover myself? I have my loan approved and the bank has approved the property as acceptable security for the loan.
But what other conditions should I attach? I can only think of the following:
-Title search
-LIM report
-Builder's report
All of these must be satisfactory to me.
As for a valuation report, the bank didn't need one and I know what most houses in the suburb have recently sold for. I also do not need to wait for another house to sell.
I know sometimes the offer is conditional on finance; because I have this approved, does this mean any offer I make is considered a cash offer? Are there any other conditions I should attach?
Also I am seeing the agent tomorrow night to fill out the sale and purchase form. I'm expecting he will then take it to the vendor. That means I will not have a chance to get my lawyer to check my offer and attached conditions before the offer is presented. Should I tell the agent to wait till I can get it checked by my lawyer?
Thanks
I'm about to make my first offer on a property. What conditions should I attach (or what conditions -can- be attached) to cover myself? I have my loan approved and the bank has approved the property as acceptable security for the loan.
But what other conditions should I attach? I can only think of the following:
-Title search
-LIM report
-Builder's report
All of these must be satisfactory to me.
As for a valuation report, the bank didn't need one and I know what most houses in the suburb have recently sold for. I also do not need to wait for another house to sell.
I know sometimes the offer is conditional on finance; because I have this approved, does this mean any offer I make is considered a cash offer? Are there any other conditions I should attach?
Also I am seeing the agent tomorrow night to fill out the sale and purchase form. I'm expecting he will then take it to the vendor. That means I will not have a chance to get my lawyer to check my offer and attached conditions before the offer is presented. Should I tell the agent to wait till I can get it checked by my lawyer?
Thanks
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