Listener Question: What Does Going "Unconditional" Mean, And How Does It Fit Into the Property Buying Process? | Ep. 267

In this episode, we discuss what going unconditional means. This is a question received from George who is based in Queenstown.  We explain that there are four steps involved in purchasing a property: 1. Put a property under contract. This gives you the right to purchase the property at a specific price, subject to you feeling comfortable that you should buy the property 2. Do due diligence to work through the clauses you need to satisfy yourself of in order to purchase the property 3. Go "Unconditional" where you confirm that you will purchase the property and there are no further conditions. This is when you are locked in and you have to purchase the property.  4. Settle the property and pay the balance of the purchase price through your lawyer We wrap up by asking you to please complete our podcast survey, Once you fill out the survey we'll send you your very own branded Property Academy Podcast mug.