Making an offer subject to sale of an existing property

Viewing 5 posts - 1 through 5 (of 5 total)

teds01
Member
@teds01
Join Date: 2010
Post Count: 19
March 3, 2012 - 6:13 am
Hi,
We are interested in a property and would like to put an offer in however, we will need to sell an existing property for finance. I assume we will require certain 'subject to' conditions with our offer.
Any tips on how to make our proposition appealing in any way to the vendor? Any one can share their experiences with do this?
Thanks!
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
March 3, 2012 - 7:22 am
Hi Teds
Is the property you’re looking to sell in the same location as the one you’re wanting to buy?
If so, would you consider using the same agent that’s selling the properyt you’re interested in? If this is the case, let them know and I’m sure they’ll do their best to insure you get the property (because now they have two listings).
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
IP Freely
Member
@ip-freely
Join Date: 2008
Post Count: 353
March 3, 2012 - 7:53 am
Ever heard of bridging finance?
teds01
Member
@teds01
Join Date: 2010
Post Count: 19
March 3, 2012 - 8:04 am
Thanks for the prompt replies!
IP Freely: Looking in to that as an option now, thanks!
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
March 3, 2012 - 10:13 am
A vendor would unlikely accept such a condition other than for a few days. Otherwise they could be locked in with you still trying to sell.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au