Deposit and clauses?

Generally speaking, yes you should.

Cheers

Jamie

Hi Auskiwi…small point for a larger answer really – concerning the subject to finance – ensure you make it subject to “your” finance not theirs as if held to the contract and you couldn’t get it through your financier – they could supply finance and authorise the purchase – it is a little more difficult than this, but if you have a good solicitor not just a conveyancer, they should point this out to you in any case and YES to most occurrences were your contract falls through due to finance, pest, building inspections then you would get your money back. Also think about one of your clauses being due diligence (DD) say for 14 days longer (i.e. 21) if you can get it. That is where you have all your tradies come in and gives you exact quotes on what needs to be done….if the work is outside your budget then the DD fails and you end the contract. Some will not like giving you 14 or 21 days DD but if they will not come to the party walk away there are plenty of properties out there. A lot of rental property contracts for purchase with occupants the agent will give you a 37 day contract i.e. 7 days to go unconditional + 30 days notice to tenant. Ensure the DD is completed and specified in contract as part of the unconditional agreement not just the banks rubber stamp. Hope this helps and there are a lot of member on here who can give you plenty of good opinions – my advice listen to them all and take out what you need. Cheers.