Page 12 - Jezz 2021 Bluebook

ACCEPTING AN

OFFER

Once an offer has been accepted and all parties have
Under contract
signed the contract, the purchaser will be asked to pay a
deposit which will be held in trust and then released to
you as the vendor when instructed by the conveyancers.
Contracts are either unconditional or conditional.
Unconditional – means the sale is not subject to any
conditions and therefore should progress through the
settlement period.
Conditional – There are terms that need to be satisfied
prior to the sale being confirmed. The most common
conditions are finance approval or a building report.

My team and I will facilitate access for bank valuers, building inspectors, etc. so that these conditions are
met quickly and efficiently.

Pre-settlement I recommend keeping in touch with your conveyancer,
especially in the lead up to settlement as they are
responsible for completing the sale and will be able
to confirm the settlement date once your contract
is unconditional. Settlement (where the ownership
transfers officially to the purchaser) generally takes place
approximately 30 days from an unconditional contract but
can be any time mutually satisfactory to the seller or buyer.

Most conveyancers advise their purchasing clients to have
a final look through the property a day or so prior
to settlement, to check that it is in the same condition as when they signed their offer.

Keys at settlement – We are permitted to release the keys to the purchaser only once we have official
authorisation from the seller’s conveyancer after the sale is completed.

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