Would be great to get some advice on this one ......
My partner and I have in the last couple of days missed out on a couple of properties due to other buyers signing an 'unconditional contract' to get the property.
We are not so keen on this idea ourselves as we believe that doing due diligence first (i.e .strata check, pest/building inspections,etc) is important, to cover ourselves should something come up in the reports.
Can anyone tell me how 'high risk' a strategy is signing an unconditional contract and what the potential pitfalls can be ?
My partner and I have in the last couple of days missed out on a couple of properties due to other buyers signing an 'unconditional contract' to get the property.
We are not so keen on this idea ourselves as we believe that doing due diligence first (i.e .strata check, pest/building inspections,etc) is important, to cover ourselves should something come up in the reports.
Can anyone tell me how 'high risk' a strategy is signing an unconditional contract and what the potential pitfalls can be ?