Do you know what a Conditional Agreement means?
Do you know what a Conditional Agreement means?
A conditional agreement is an agreement for the Sale & Purchase of real estate and is a legally binding agreement, but it is subject to certain conditions being satisfied.
These might relate to:
1️⃣ the purchaser arranging suitable finance to complete the purchase,
2️⃣ receipt of a satisfactory builder’s report and/or valuer’s report;
3️⃣ receipt of a satisfactory Land Information Memorandum (LIM);
4️⃣ or the purchaser’s solicitor approving the title to the property.
The Sale & Purchase agreement may also have conditions that require the seller to do something by a certain date.
Once all the conditions are satisfied the agreement becomes unconditional.
Whether you're the savvy buyer or the strategic seller, remember the golden rule: legal advice is your guiding light. 🌟 Legal advice ensures the conditions are crystal clear, paving the way for your seamless real estate journey!
So, next time you're navigating your real estate journey of property transactions, remember: knowledge is power, and legal advice is your compass!💡
Contact me for more real estate advice. My advice is given freely and without obligation. ✨
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
-
79.7% Yes! It's better to regift what I don't need
-
20.3% No. It's the thought and effort that matters
Exclusive Christmas Sleep Deals - Up to 65% OFF Beds!
Hi neighbours,
This coming Christmas, why not treat yourself to better sleep? For one day only, we’re offering an extra 5% OFF on top of our already reduced Boxing Day Bed Sale prices!
With up to 65% OFF on selected beds and FREE delivery, there’s never been a better time to upgrade your sleep. But hurry, these deals are moving fast, and once stock is gone, it’s gone!
If you’d like to see what’s available:
Find your nearest Beds4U store: beds4u.co.nz/store-locator
Browse all Boxing Day deals: beds4u.co.nz/boxing-day
Don’t miss out, give yourself the gift of quality sleep this Christmas!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Loading…
