One of the most common questions buyers ask is:

“What happens once my offer is accepted?”

Your offer has been accepted.

Time to celebrate… but not quite settle in just yet.

What you’ll learn in episode 6 of PRE-Purchase; Ben Thompson and Shane Pope explain what happens between having an offer accepted and becoming unconditional.

This is the stage where finance approval, building inspections and pest inspections are finalised. While many buyers think the deal is done once their offer is accepted, there are still some important steps to complete before the property officially becomes unconditional.

You’ll learn what your broker, solicitor and inspectors are doing behind the scenes, what can go wrong, and when you may have an opportunity to renegotiate.

In This Episode

✅ What happens after an offer is accepted
✅ Building, pest and finance clauses explained
✅ Why banks order valuations
✅ What becoming unconditional means
✅ When you can exit a contract
✅ What happens if a condition isn’t satisfied
✅ Renegotiating after a building inspection
✅ The role of your broker and solicitor
✅ What happens next on the road to settlement

Need Help Navigating The Buying Process?

Whether you’re making offers, reviewing contracts or navigating the path to settlement, the team at Empower Wealth offers a complimentary initial consultation.

👉 https://empowerwealth.com.au/request-free-consultation/

Got A Question?

If this episode raised a question about your own property journey, send it through and we’ll answer as many as possible in our upcoming PRE-Purchase Q&A episode.

📩 Submit your question: https://thepropertycouch.com.au/contact

Timestamps

00:00 Introduction
00:15 Celebrate, but not quite yet
00:38 What happens after contracts are exchanged?
00:58 Why this differs from buying at auction
01:11 The three common contract conditions
01:23 What your broker does after acceptance
01:44 Why banks order valuations
02:07 Building and pest inspections explained
02:44 What happens when a property becomes unconditional?
02:53 When can a buyer exit the contract?
03:34 Can you renegotiate?
04:05 Renegotiating after a building inspection
05:00 Real-world renegotiation example
05:24 The final step before settlement
05:47 The role of your solicitor and conveyancer

Watch more P.R.E. Purchase

📍 New here? 👉 Start here: The First Home Buyer Guide | PRE-Purchase
Previous episode here 👉 How Do I Negotiate With An Agent? | PRE-Purchase Ep 5
Next episode here 👉 How Does Buying At Auction Actually Work? | PRE-Purchase Ep 7

Enjoying PRE-Purchase? If this episode helped you, share it with someone currently buying a home. It could save them time, money and stress during their property journey.

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#PropertyOffer #FirstHomeBuyer #HomeBuying #PropertyContracts #BuildingInspection #PropertyTips #BuyersAgent #ThePropertyCouch #PREPurchase #PropertySettlement