Is the Buyer entitled to undertake a valuation of the property?
While the standard REIQ Contract is not conditional on the valuation of the property often it is a condition of the Buyer’s Finance Approval that it is subject to the property being valued and that valuation being acceptable to the lender. If a contract is not subject to finance then we would recommend that a Buyer obtain a valuation of the property before entering into the Contract.
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To learn more about Valuation of Property today, contact OwnIt Conveyancing on 1300 553 750.