You are here: Home FAQ What is an unconditional offer?

What is an unconditional offer?

An unconditional offer is one which, if accepted, requires the buyer and the seller to perform their contractual obligations.

If the price is agreed by the parties, and there are no conditions attached to an offer, the contract is generally binding.  If you are confident that you know all about the property and you can pay for it, then you could make an unconditional offer to buy it.  However, we recommend that you consult your lawyer before doing this. 

If you make an unconditional offer which is accepted, you must complete the purchase. 

If you break a binding contract, you could forfeit any deposit paid and you could be sued for damages incurred by the other party to the contract.