All Topics / The Treasure Chest / Subject to clause

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  • Profile photo of CoreyCorey
    Participant
    @corey
    Join Date: 2001
    Post Count: 1
    September 19, 2002 - 8:14 am

    Hello all,

    I was wondering what sort of clauses investors are utilising in their written offers to buy property ?

    subject to finance with ****** loan company
    subject to building inspection
    subject to business partners approval
    subject to pest inspection

    Do you have any others ?

    Thanks Corey

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974
    September 22, 2002 - 5:37 am

    Hi Corey,

    I used this one and it saved me big time.

    The purchesers solicitors to be appointed (if you’re not sure who it is yet) by the purchesers, being satisfied with the terms and conditions of the contracts.

    Also…

    An independant valuation by valuers appointed by the purchesers, the property value having a value to be reasonably similar to the current purchase price. (Especially good if your thinking of purchasing in QLD off the plan)

    And

    The purchesers having had a satisfactory inspection of the property.

    You didn’t mention Corey what sort of property you are looking at, but these might be helpful.
    I sort of worded these myself with some help, so they may need to be fine tuned to suit your situation.

    Cheers

    Sooshie

    It’s all our imperfections that make us perfect!

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