Oh my gosh, what a life saver!!!!! Thankyou thankyou thankyou
"Joint form of General conditions for the sale of land' - Yes that is the devil!
My partner and I put an offer in on a house.
The offer was accepted subject to finance approval.
We have til the 3.1.06 to get finance approval.
We have already got finance approval BUT after doing our research it looks like we got jipped and are paying way too much for this house. We want out!
How can we get out of this? Is it simple? Like a cooling off period or something?
If it's complicated, i thought of this:
The bank would only lend us the money if the house is worth what we are paying for it.
We think it's been overvalued and I thought maybe if we get it valued by a different real estate agent, and the property comes under the purchase price, the bank will have to reject our loan, therefore we are declined finance, getting out of the contract. But that's gonna cost $400.
Much appreciate your help!