By Louise MacCallaugh - 9 Mar 2012
- 1 comment
Some buyers believe that if they sign an agreement to buy a
property which is subject to "solicitor's approval" they
automatically have a "get out of jail free" card. A
solicitor's approval clause cannot get you out of an agreement if
you suddenly discover something about the property that you don't
like and you decide you don't want to buy it.
When buying property it is important that you do your
homework. This can involve more than just getting a LIM
and having your builder friend cast an eye over it. If
you are intending to buy you should carry out a full investigation
of the property or at least allow yourself the ability to do
so. That's why a due diligence condition in your agreement is
vital. It allows you to obtain all the reports you think you
need and the ones you don't. Contact us if you are intending to
buy. We have the right conditions for you!