Hi Guys,
Me again, sorry for all the questions, but trying to figure this all out and have found this forum to be super helpful
Ok, so I was advised to get building inspections done before bidding on a property by one person and another has said to do it after so as to not pay for one if I’m not getting the property anyway. The second person advised to have a pre purchase agreement with terms such as this offer is only valid if the building inspection comes back OK.
So my questions are
1. which do you recommend getting it before offering or saving the money and putting it in as a term of sale
2. what other things should be included in a pre purchase agreement? (should there be a clause saying no money will exchange until finance is approved or something)
3. Who does these contracts for you?
4. Anything else you might be able to add pleaseThank you
if you’re green & keen on a site, get your inspections & due diligence done. Not doing so is folly. Be prepared to spend money on sites that don’t come off.
A vendor going to auction wants closure on the day not a conditional contract.
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