Throwing this clause out there for some constructive criticism. I'm in a position to purchase without a loan (Plan B), but would still want a loan for the leverage and hence the need for a bank valuation. This is for Queensland. This contract is subject to and conditional on the Seller providing reasonable access to the Property to allow a valuation to be completed before DD/MM/YYYY
Sounds perfectly fine in theory. Refer to this thread https://propertychat.com.au/community/threads/which-offer-would-you-choose.3632/ If you were seller, would you take someone with conditions or someone without?
I'm with you there DT. I'm trying to avoid conditions where possible. I just don't want to leave myself open to the scenario where I go without a finance clause, but then the vendor shuts up shop and doesn't allow any access to the property for the bank to do a valuation.
If you intend to get a loan, then why not use a standard finance clause?. Usually vendors WANT to sell and I have never heard of access being refused to the potential lender. Marg.
The contracts are worded in a way that if I don't settle, I lose my deposit. Even if the vendor refuses access for valuation.
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