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Why don’t you start looking for a joint venture partner ( equity or debt partner) that has the time available to source the win/win outcomes that you do not? I’m sure you could find plenty of people in forums such as this one to do business with. Providing that you have equity and borrowing capacity to contribute to the deal than people like myself would be more than happy to work with you.
I do deals like this regualy with people who are cash & asset rich but time and or knowledge poor.
Good luck pm me if your interested in doing deals in SA.
If you are trying to buy yourself some time to do some further due dilligence than I would suggest that you put subject to finance being obtained within 2-3 weeks ( obviously the later the better) from the expiation off the cooling off period. This should allow you adequate time to do what you need to do. Towards the end of the 2-3 weeks if you think that the deal may not be as good as you first thought than all you need would be a cover letter from any finance broker that you were unable to obtain finance. This will cancel the contract and will prompt the agent to refund your deposit so he can re sell the property. Another subject to clause I have seen work to purchasers favour is subject to aproval by the purchasers financial advisor. The remains very open ended and a hand written note from any financial advisor will cancel the contract. [grad]
