Can the purchaser change their mind after signing the Contract of Sale ?

contract of saleThe purchaser may include special conditions in the Contract of Sale when the offer is made. A common clause used is ‘subject to finance’. This means if the purchaser has not secured finance approval by a certain date they have the option of not proceeding with the purchase.

Subject to building inspection, pest inspection and the 3 day cooling-off period are also options for the purchaser not to proceed.

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