Hey guys just need a little bit of advice, after saving for a long an arduous 18 months, i've found a property that i'm very interested in. While clarifying a few details in regards to the auction the RE agent has told me that no auction can ever be "subject to finance".
Is his statement true? and if this is indeed the case are there any other provisions similar to subject to finance for auctions?
We do have pre-approval but after reading the threads on this forum is seems as if it's not worth the paper its written on and therefore i'm a bit cautious of signing a unconditional contract with the chance of losing a large portion of our deposit if the finance does not come through.
Thanks in advance Buzz.