Going unconditional: what changes
The bottom line
The deposit is paid, the exits close, insurance starts, and the countdown to settlement begins.
Going unconditional is the moment the deal becomes certain. The deposit goes to the agent, you are committed to buy, and the vendor is committed to sell on the settlement date. From here the work is coordination: insurance from today, loan documents to sign, the settlement statement, and the pre-settlement inspection.
You get a next-steps email from us on the day with every date and every task on it.
Check yourself
What is paid on the day you go unconditional?
The deposit, to the agent's trust account.
From when does the property need to be insured?
From the unconditional date.
Can you cancel after going unconditional?
Not without serious consequences.
Talk it through
Want a lawyer to check your situation?
A free 15-minute call with a property lawyer who only works with first home buyers.