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Thanks for that. If the written offer is the actual sales contract then yes that would be fully binding - I thought the written offer was simply a nice letter to say "Hi I'm Bob, you take $300,000 for property yesno?"

Can I ask for a bit of clarification here; isn't it only final once the vendor and purchaser have exchanged contracts? Only reason I ask is because when buying my first PPOR, I was called by an agent saying "the vendor is going to exchange contracts this afternoon, would you like to make an offer?"