With the housing market so competitive, I hear a lot of people are signing the contract of sale to secure the property first, then conducting building/pest/strata checks afterwards.
I understand people don't want to get gazumped, but a 0.25% deposit can be a lot of money and also risky in my opinion.
Is it possible to add clauses to the contract before signing, such as subject to ;
- bank valuation/ finance
- building/pest/strata checks
will the vendor agree to such requests or likely accept another offer from someone else willing to sign the contract as-is
What are your thoughts on this and what is your strategy for securing property?
I understand people don't want to get gazumped, but a 0.25% deposit can be a lot of money and also risky in my opinion.
Is it possible to add clauses to the contract before signing, such as subject to ;
- bank valuation/ finance
- building/pest/strata checks
will the vendor agree to such requests or likely accept another offer from someone else willing to sign the contract as-is
What are your thoughts on this and what is your strategy for securing property?