Thank you Terryw, Andrew_A and Derek for your responses.

As Andrew has said the thought I was having with options was that they would be difficult to get accepted for various reasons. The fact that I am not fully educated on them, the fact that most likely the vendor ( and possibly the agent ) would need to be educated on them.. I’m not sure I have the wit and charm to do that successfully

Terryw, I was interested that you said if a property was bought with an extended settlement, and on sold prior to this date, with that sale to be settled simultaneously, then I would have no need to secure finance? IE I wouldn’t have to organise $300k to then receive back my $350k ( just an example ) ? This would make life a lot easier as it is not how I thought it worked.

And yes, I understand that if the end buyer were to pull out I would be left needing to settle on the property, but could the insertion of an ‘escape clause’ remove this danger. Something like ( and I’m paraphrasing here ) Subject to getting a suitable development approval, in that should I need to, I could deem ANY development approval unsuitable and walk away. It needs to be noted that wouldn’t be my intent, just a security blanket.

Thanks again for taking the time to help a newbie answer some questions