Common conditions of sale are subject to:

• Finance

• A builder’s report

• Sale of another property

• Specialist inspection or approval

Your sales consultant will have the purchaser sign a standard approved contract with their offer and any conditions of sale either you or the purchaser has requested. Once this process has been completed your sales consultant will check whether any other interested parties are putting in an offer. This system ensures it remains fair to all parties in a multiple offer situation.

As the vendor, you can then accept the offer, reject it or counter sign it. Counter signing usually occurs when you are not satisfied with the price offered and/or conditions included and wish to subsequently alter them. The contract will then be brought back to the purchaser for their consideration.

If accepted, the purchaser will initial your alteration and the property is under offer subject to any conditions that the contract may contain. Alternatively the purchaser also has the right to counter sign. Your sales consultant will continue negotiations between you and the purchaser until you are both in agreement.

After an offer is accepted

Once an offer has been accepted and all parties have signed the contract, the purchaser will be asked to
pay a deposit. This usually equates to 10% of the purchase price.

Once paid, this deposit is held in a trust account until the contract is confirmed, i.e. becomes unconditional in all respects. It is then paid to you. If the contract does not become unconditional the deposit will be repaid to the purchaser.