Buying a home is a significant investment, but it can turn into a financial nightmare if you don’t protect yourself. Without proper conditions in place, you could:
Not using the right conditions exposes you to major risks, including:
However, adding too many conditions can also be a risk, making your offer less competitive in a hot market.
When submitting an offer, it's important to be commercially smart and craft conditions that balance your protection with making the offer attractive to the seller - this depends on your circumstances as a purchaser and the type of property you are buying. Here’s how a lawyer can help ensure you’re both protected and competitive before you submit your offer:
A lawyer can offer significant value here by advising you on which conditions are essential and which you can modify or omit to make your offer more appealing, while still providing you with adequate protection.
Book a call with your lawyer (one that offers a free initial consultation and pre-offer guidance). Funny enough, that’s a service we offer at HouseMe Legal… Don’t just request 10 working days for finance, LIM report, and building report every time! Make your offer stand out to reflect your personal circumstances weighed up against the risks attached to the property.
