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Articles: by James Cambridge

Property Pointers - Buying a Property

25 June 2014

Signing an unconditional purchase agreement means that once you have signed the contract for the sale of property you are bound to proceed with the deal no matter what.

Having a conditional contract for purchase means that the contract is dependent on something; it may relate to such matters as finance, search and approval of title, unconditional sale of the purchasers own property or receipt of a satisfactory builders report.

Lawyers include conditions into contracts, meaning you can cancel (or renegotiate the price) if an issue arises before the condition is satisfied.

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