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  1. Peter_Tersteeg

    Sale fell through buyer unable to get finance

    NSW has a different process where contracts aren't signed (or exchanged) until everything else is in place. In most cases there are no special clauses or conditions. I suspect this could lead to gazumping quite a bit as it appears that the period between agreeing on a price and exchange is...
  2. Peter_Tersteeg

    Sale fell through buyer unable to get finance

    There may be a way to put the property back on the market where they can still purchase the property if their finance comes through, but if you can give them 24 hours to go unconditional if you get another offer. Probably the best thing to do however would be to simply put it back on the...
  3. Peter_Tersteeg

    Sale fell through buyer unable to get finance

    Can they shed any light on why finance has been delayed? Admittedly 4 extensions is very extreme but I have had one or two cases where this has occurred and finance was eventually obtained. If they exit the contract under the finance clause they're entitled to have the deposit returned.
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