cash & conditional pricing
Vendors want to sell their properties and buyers want to purchase properties, the question is at what price?
When an offer is presented to the vendor it will fit into two categories, a cash offer or a conditional offer. In this market, many vendors simply want their home sold, and are therefore willing to sell it at a discounted price to cash buyers as they avoid the uncertainty of the purchasers conditions. Obviously Vendors are still happy to accept conditional offers, however it is unlikely that they will sell the property as cheap as they would to a cash buyer. This enables you to work within your priorities in terms of the make up of the offer.
cash & conditional pricing conditions
Cash price
The vendors agree to accept (when one offer is presented) an offer of the said amount providing it is without any conditions and is accompanied by a deposit of not less than 10% of the offer price and with settlement to occur on a date specified by the vendor.
Conditional price
The vendors agree to accept (when one offer is presented) an offer of the said amount providing it is accompanied by a deposit of not less than 10% of the offer price and with settlement to occur on a date specified by the vendor. Further, if the offer contains any condition or conditions that the purchaser requests exceeding ten (10) working days there must be a three (3) working day escape clause included in the conditions to allow the Vendor to remain open to subsequent offers.
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