Offer Letter Template

Here are a few to jog your memory.  The precise wording that goes on the actual contract of sale should be discussed with your solicitor.  Be cautious about agreeing to secure finance within less than 21 days.  It is a process that seems to need about 21 days.  Also be very sure to specify HOW MUCH finance you should receive as a bare minimum, and better still, with which bank.  Don't say just "subject to finance".  God help you if you manage to secure only $100 finance on a place.  You'd then have satisfied the subject to finance clause and have to stump up the rest of the cash yourself!

These are examples – you could of course change the number of days settlement you are offering etc.

Subject to:

1. Results of building and pest inspection results that are satisfactory to the buyer within 21 days of the date of sale
2. That the buyer is able to secure insurance for the property that is satisfactory to the buyer within 21 days of the date of sale
3. That the buyer is able to secure residential investment property finance of a minimum of 80% (ie $300,000) of the sale figure with the Commonwealth Bank of Australia within 21 days of the date of sale
4. The buyer is entitled to reasonable access for the purpose of tradesmen measuring and quoting for jobs prior to settlement
5. The buyer is entitled to access of 30mins per week in the 3 weeks prior to settlement for the purpose of showing the property to prospective tennants
6. Settlement shall be 90 days (<<insert a convenient precise date of settlement>>)

7.
Any renewed or new lease made on the property between date of sale and date of settlement must be for no less than $350 per week and for a period of not greater than 12 months
or
Buyer is entitled to vacant possession

8. This offer expires at 5pm today (<<Insert date>>)