• Email info@buildinoz.com.au

Should I buy a block of land using a conditional or unconditional contract?

conditional or unconditional contract build in oz

When you find a block that is perfect for you, you can purchase it using a conditional or unconditional contract.  For example, a condition could be subject to your finance being approved.  When you buy something ‘subject to finance’ you are not penalised in the event that you are unable to secure your finance within the specified timeframe—usually fourteen days. However, one of the aims of this system is to avoid such heartache. So, if you are in any way unsure about any changes that might occur in your financial position, include the condition ‘subject to finance’ in the contract. Then take the contract of sale to your chosen home lender and make an application for finance.

Your conveyancer is the best person to discuss whether you should use a conditional or unconditional contract with.

Visit Build Your Home Masterclass Series to learn more.


Avoid The Building Industry Rip Offs And Plan Your Dream Family Home Right The First Time

Thinking about building a home? Then this could be the most important thing you ever read. My name is Natalie Stevens.  I’m the founder of Build In Oz and I help Australian families avoid expensive mistakes and pitfalls of the building industry. Without the right plan, you could end up over-paying TENS of thousands of dollars for an inferior home.

I can show you exactly what you need to look out for. What things you should consider NOW. And what questions to ask builders, banks and real estate agents. This way you avoid all the costly and time-consuming errors made by first home and even second home builders.