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House Buying Process – Conditions on Your Offer

Once you have looked around at a few properties you will have a good feel for what a property might be worth. If you are unsure you can always make your offer conditional to a registered valuers report.

Prices are generally negotiable depending on market conditions. And there are a few different ways to purchase a property. You could purchase the property through negotiation, auction or tender.

Negotiation

A lot of properties are bought this way, and the negotiation is recorded on the sale and purchase agreement, which is a legally binding document. Remember you are able to add any conditions you want to have, although too many conditions can make the offer less appealing for the seller.

Before signing any documents it is advisable to consult a lawyer. Some of the more common conditions on an offer include:  บริษัทรับสร้างบ้าน

– Finance, and finance date is usually 5 to 7 working days from the date of signing the agreement. This allows you time to ensure that your lender is comfortable with the transaction and the house.

– Building inspection report

This lets you check out the state of the property, it could help to uncover any upcoming maintenance requirements and could get you favourable terms on the contract.

– Lim Report

This reveals information about the land and the legal title held by the local council, it could reveal any problems with the title and or other problems with the site.

– Valuation Report

This will allow you to send a registered valuer to the property who will check out the recent sales for similar types of property in the area and give and indication of the property’s value.

 

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