I have just had a building inspection done on a property under contract. There are a couple of items I am not happy with.
The window for withdrawing from the contract is closing, and I am concerned if I try to negotiate having the items fixed, I'll miss the window, then I'm stuffed.
If I withdraw from the contract under the building inspection clause, can I go back and put in a fresh offer once everything is said and done?
Could the vendor argue that I must be happy with the building since I am making another offer, despite new clauses in the 2nd offer regarding getting said items repaired prior to settlement?
Say that you want a amendment to the contract. To fix the said items before settlement and if they don't fix them then pull out of the contract. You can offer another offer again, but the vendor might not want to deal with you thinking that you might be fickle and could pull out again. If they are legitimate reasons then pull out. If the owner doesn't want to fix them and it would cost eg 3k to make the repairs. Say that you will do the repairs but have to deduct 3k from the offer.
A amendment is just a additional annex page that is attached that all parties that signed the original contract sign again. That way you only have to sign one page and not initial another 30 pages.
Hi silly
I'd get on the phone to your solicitor now and get this sorted. Mention Wilko's response above and see if it can be sorted quickly using that approach.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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