Hi All,
I have just received a section 32 for a property that I looked at on the weekend in Victoria. In the special conditions part there is a statement that says the contract of sale is dependant on the grant of probate. This property is going to auction, so I would assume that even if I am succesful at auction, the sale may still fall through if probate is not gained before the settlement date.
Has anyone else seen something like this?
I'm not a huge fan of the clause because it isnt uncommon for families to contest wills etc., which would mean I have a deposit tied up for 60 - 90 days and miss out on other opportunities, for the deal to go pear shaped in the end.
I have just received a section 32 for a property that I looked at on the weekend in Victoria. In the special conditions part there is a statement that says the contract of sale is dependant on the grant of probate. This property is going to auction, so I would assume that even if I am succesful at auction, the sale may still fall through if probate is not gained before the settlement date.
Has anyone else seen something like this?
I'm not a huge fan of the clause because it isnt uncommon for families to contest wills etc., which would mean I have a deposit tied up for 60 - 90 days and miss out on other opportunities, for the deal to go pear shaped in the end.