Can any one tell me how long you have to sort out your finance if signed a contract for house with no subject to finance clause?
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03-03-2012 21:18 #1
No subject to finance in contract
03-03-2012 21:26 #2
Do you have a date of settlement?
03-03-2012 21:30 #3
It's usually 14 days.. U should have signed and neg that before you signed. 7 days for standard pest too
03-03-2012 21:33 #4
30 march is settlement. We are getting an answer on monday for finance. But you reckon it is 14 days?
03-03-2012 21:40 #5
It's usually 14 days, look thru your contract it will be in there. If you need more time you need to speak to your solicitor/lawyer to get an extension. Make sure your on top of that! As well as pest! so important or you don't have a leg to stand on
03-03-2012 21:49 #6
03-03-2012 21:53 #7Senior Member
- Join Date
- Oct 2011
Sorry I don't understand. If your contract isn't subject to finance, then you are assumed to have the money to settle. You can't cancel the contract because you can't come up with the money.
Did you mean something else? *confused*
03-03-2012 21:58 #8
Have you got a pre approval done? it's all a whirl wind adventure isn't it! I love it! But yes as pp has said if you don't have it as subject to finance and pest you have no way out..
03-03-2012 22:00 #9
We know that we cannot get of of the contract now. So just as long as the money is handed over by settlement we dont have to have finance confirmed by a certain date before that do we ?
03-03-2012 22:03 #10
No you don't. The vendor doesn't care as long as you have the $ by settlement date.
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