Hi all,
I am selling one of my investment properties and have received a decent offer but with a subject to sale of his PPOR clause.
His PPOR is listed for auction in 3 weeks and my ppty agent is confident that it will be sold on the day (or a cynic would state that's what any agent would say).
I was thinking of accepting the offer but putting some counter clauses in place like ...
- Sunset clause set to some time just after the auction date
- Free to accept a better offer in the meantime but will give him 72 hrs to match it and go unconditional (not so sure how to word this but u get the gist)
Do you think this is a good idea with the counter-clauses ? Anything else I should consider ?
This is a new scenario for me (so true that you learn something from every transaction!) and thanks in advance for the help.
I am selling one of my investment properties and have received a decent offer but with a subject to sale of his PPOR clause.
His PPOR is listed for auction in 3 weeks and my ppty agent is confident that it will be sold on the day (or a cynic would state that's what any agent would say).
I was thinking of accepting the offer but putting some counter clauses in place like ...
- Sunset clause set to some time just after the auction date
- Free to accept a better offer in the meantime but will give him 72 hrs to match it and go unconditional (not so sure how to word this but u get the gist)
Do you think this is a good idea with the counter-clauses ? Anything else I should consider ?
This is a new scenario for me (so true that you learn something from every transaction!) and thanks in advance for the help.