Congratulations! Your offer has been accepted and you pop the champagne…
..Rather put the bubbly on ice and get started with your home loan application! If the property is sought after and well priced the agent will most probably continue marketing - just in case. Most offers have a continuous marketing clause. Until you have accepted and signed a final quotation from the Bank your deal is not secure. Should the Banks decline you are not held to the contract because it did not come into existence. A double-bladed sword indeed but still in your hands to control. Your Bond broker will advise what documents are needed and from then on [...]