Offer Cheque

Discussion in 'The Buying & Selling Process' started by Ben John1, 12th May, 2018.

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  1. Ben John1

    Ben John1 Well-Known Member

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    hi All,

    Would like to know how do I make offer with attaching a cheque?

    What will happen if the offer either Accepted OR Rejected?

    Thx and regards,

    Ben
     
    Ben John1, 12th May, 2018
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    If accepted cheque will be deposited
    If rejected it wont
     
    Terry_w, 12th May, 2018
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  3. Ben John1

    Ben John1 Well-Known Member

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    Thanks Terry.

    Then I should take the written offer and cheque back from the agent right?

    What about giving 24hour for the vendor to decide, is it a good idea? How many days is reasonable?
     
    Ben John1, 12th May, 2018
    #3
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    That is up to you. If offer rejected you can ask for cheque back.
     
    Terry_w, 12th May, 2018
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  5. Harry30

    Harry30 Well-Known Member

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    When I make a written offer (with cheque for 10%), I always stipulate that the offer is only open for 24 hours. Could extend longer (2 days) if there are exceptional circumstances. Don’t see any benefit in not stipulating a timeframe and indeed a short timeframe.
     
    Harry30, 12th May, 2018
    #5
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