This thread reminds me of an article I read in one of the magazines recently about exchanging "subject to...." rather than risk getting gazumped by getting P&B etc first. Obviously would not be in the running in a hot market if multiple offers were being made on the property with less on no conditions, but in a cooler market is this a good tactic to reduce the chance of being gazumped (NSW etc). The subject to clauses would have to include "no penalty" for withdrawing if not satisfied with P&B etc.
Have many people gone this way? For the vendor there is still the chance of the sale falling through but at least they have advanced to the stage of exchanging rather than just putting $5 or $500 down as a holding deposit while they think about it. This would then work like a Qld contract wouldn't it?
Have many people gone this way? For the vendor there is still the chance of the sale falling through but at least they have advanced to the stage of exchanging rather than just putting $5 or $500 down as a holding deposit while they think about it. This would then work like a Qld contract wouldn't it?