Article Score0

Hello. I am thinking of buying a house in Melbourne Australia however I will be taking out a loan. My question is how do I make the contratc subject to loan approval. Do i just write down the bank, amount of loan and approval date or do I need to write something else aswell (like subject to finance somewhere on the contract?) Thanks

1 Thought on How to make a sale of contract for buying a house subject to loan approval in Australia?
  1. Reply
    ibu guru
    August 4, 2011 at 4:27 am

    Usually the offer to purchase is made contingent on obtaining acceptable financing (stipulate specifications) by date. See your attorney. If this clause is not properly written and in its proper place (offer v contract), you are SOL. It’s attorney time!

    Leave a reply

    Register New Account
    Reset Password