Well, looks like this one may have passed us by.
I have just had a call from the agent, apparently they now have the S32 and she is about to send it through.
However, there has been another offer this morning. Surprise surprise.
The agent has told me that the other offer is $10k more than ours, so I was waiting for the old do you want to up your offer line.
What she said was that the vendor is still happy to proceed with our offer, but on the condition that we drop the finance clause. I said we'd sleep on it but want to see the S32 first.
I have no doubt the bank will lend the money, it is all approved in principle, we have 2 fairly high incomes, no kids, no debt, plenty of equity and are no where ear mortgaged up. My worry with the finance would be the valuation coming back low.
I really don't foresee a problem with finance, but being our first IP here, I'm very reluctant to drop the finance clause.
I think all we can do is take a look at the S32, re-word out offer via the conveyancer , leaving the finance clause in but expanding on the reasons why it shouldn't fall over. It looks to be a great property, but I guess we'll just have to walk away if he wont accept the finance clause.
What is so frustrating is that, assuming the agent is telling the truth, the other party only viewed the property this morning. If we'd had the S32 yesterday we could have had the offer sorted. Apparently, the other buyer is quite savvy - the agent tried to put them off viewing this morning as they were expect in the S32 this afternoon, but the buyer was adamant that he wanted a viewing as he knew without an S32 available that our offer was worthless.
Watch this space - we'll see what tomorrow brings, (or rather by the looks of things doesn't bring).
T.