As its name implies, an unconditional contract contains no conditional clauses – meaning outside of a Buyer’s right under legislation, the Buyer must settle the property regardless of whether their finance is approved or not and whether the physical condition of the Property is acceptable or not., while a seller must proceed with the offer he/she chose to accept.
Read more about it here: https://www.conveyancing.com.au/blogs/why-signing-an-unconditional-contract-is-risky
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