Choosing your conditions
The bottom line
Conditions are your exits. A due diligence condition is the widest one.
Finance, LIM, building report and due diligence are the usual conditions. Each lets you cancel for a specific reason within a set number of working days. A building report condition only works if the report is unsatisfactory on an objective assessment. A due diligence condition lets you cancel if you're not satisfied with your due diligence, as the clause sets out.
The right mix depends on the property and the competition. Fewer conditions make an offer stronger; more conditions make it safer. We help you choose.
Read this
How to choose the best conditions for you
Do this
List the conditions you would want on the property you are looking at, and why
Check yourself
Which condition lets you cancel for almost any reason?
A due diligence condition.
Can you cancel under a finance condition without trying to get finance?
No. You must make a genuine attempt.
What is the trade-off with more conditions?
Safer for you, less attractive to the seller.
Talk it through
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