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You don't get such a letter with a cash offer, so why would you need one for one with a finance clause? There are mechanisms for seeking compensation for non-settlement - whether they are adequate or not is a separate question but those are the rules for selling properties. Of course if a...

I've bought more than a few WA properties and have never provided evidence of financial approval. Without having the REIWA contract and purple pages to hand, I think that all a buyer has to do is notify the agent of financial approval, not provide evidence of it. The clause is to the buyer's...

From my POV, a contract is pretty much worthless until the buyer agrees to waive the finance clause, or it expires. Loan documentation only comes into it if the buyer exercise the "out" given to them by the finance clause and needs to demonstrate they have made a legitimate effort to get...