Making an Offer to Purchase – General Considerations

There are a number of issues to consider when making an offer to purchase a property:

:: Purchase Price; what is your negotiation strategy if your 1st offer is not accepted ?

:: Settlement Date; what date are you able to pay for and move into your new home ?

:: Deposit; what funds do you have available to satisfy your commitment to the purchase ?

:: Chattels; what specific items are being sold with the property ?

:: Special Conditions; what particular issues do you need specialist advice on in relation to this property? How long will you need to resolve these issues?

These issues are all addressed in your Sale and Purchase Contract. It is recommended that you get the contract checked by your solicitor prior to your offer being presented to the Vendor. Your solicitor is a very important adviser during this part of the transaction.

After satisfactory completion of your special conditions, your solicitor will communicate to the solicitor acting for the Vendors, that you wish to confirm the contract.

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