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Types Of Purchasing Contract

An “Unconditional Contract” as suggested is an agreement where you purchase the property for an agreed price without any conditions.  A “Conditional Contract” includes conditions that need to be satisfied before the contract becomes unconditional.

A typical condition found in most contracts, is a finance condition which states that the contract is subject to financial approval by a lender within a pre-determined number of days.  Another common condition is an inspection of the property by a Building and Pest Specialist by a pre-determined date.

Sellers can also have conditions that they require as part of the sale. For example, a seller may require a specific date for the completion of their sale, to align to another contract, linked to the purchase of their new property.  A seller may want to retain a fixture of the property, like an expensive chandelier for sentimental reasons.

As a Purchaser, conditions can arise for many reasons.  You may identify some repairs that you would like to have rectified that the seller may have to agree with. The property may have a piece of furniture that is fundamental to the look of the property that you may want to include in the purchase price, alternatively, you may want to retain a garden shed or a garden statue.  These examples are just a few of the reasons where you would include special conditions on your contract which the seller would consider as part of your offer.

Some conditions, like finance, or pest and building inspections are straight forward and generally applicable to most purchase contracts, therefore they are accommodated within a standard contract in simple terms. Other conditions are referred to as Special Conditions.  Special Conditions can be prepared by an agent for you or you can ask your solicitor to prepare the special conditions which are then applied to the contract.  Obviously, using your solicitor is the best option available.

TIP If you choose to accept special conditions prepared by an agent, you can ask your solicitor to review these conditions before signing the contract. This ensures you fully understand how the special conditions will affect your contract and eliminates later surprises.

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We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.

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We continue to work for you after the deal is finished, ensuring that we asess any new offers that become available which may improve your current deal.

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We give our clients access to Personal Loans, Home Loans, Investment Loans and Commercial Loans.  You always only deal with on person for all your lending services.

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We can meet clients in our office, in their home, their office or the local coffee shop. Our initial interview will helps us understand the clients needs in the short, medium and long term so that we can find the best possible lender for your loan.

The world of financing continues to be more and more complicated. Our Lenders have experience in finding the right product to meet the specific needs of each of our clients.  During this phase, we identify two to three options that may be suitable.

Our Lending Specialists will present to you a number of options available outlining  the differences, benefits and downfalls of each option presented. Our preferred option and reasons why, we consider this the best fit for you will be clearly explained.

Our Lending Specialists work with our clients to have all documentsation signed, submitted to the lending institution and processed through to approval.

We pride outselves on client service which is why our Lending Specialists establish a reasonable review timeframe where they touch base with our Clients to ensure everything is working as planned.  During this review, the client is made aware of any new financing options in the market.

Brisbane Home Loans is not about one off loans. We truly care about our clients, which is why we stand by their side beyond the completion of the loan.

What Does A Mortgage Broker Do

Listen and Evaluate Your Needs
Calculate How Much You Can Borrow
Compare Options Available to You in The Market
Provide You Expert Advice
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