There are two primary offer types, both with their own advantages depending on your situation:
This offer is dependent on certain conditions you lay out with the seller, such as ‘subject to finance’ or ‘subject to pest and building inspection’. This offer generally gives you 7-day period to complete any conditions that have been set and the sale process won’t be complete until you do.
In a strong market, the vendor may be unwilling to accept conditional offers, as they’ll effectively be taking the property off the market until the conditions are met. This could mean they miss out on better offers.
For this reason, some vendors only choose to accept unconditional offers. This means your offer will have to be submitted without any conditions in order to secure the sale. This can be a good option if you’ve already got your finances in order and don’t see the need for inspections to be carried out.