Conditional offer timeline is close - vendors not responding.
Hi there, First home buyer here. Our conditional offer has been accepted and tomorrow is the last day for below conditions, LIM, Buildings report & Solicitors Approval.
Finance condition still has 5 more working days.
We found several issues in building report and initiated renegotiation process. Haven’t heard back from the vendors yet. I am pretty nervous, my lawyer asked for an update and their solicitor responded saying they are still waiting on response from the vendors.
Since we are waiting on their response at this point - I wanna make we are not at breach what are the things I should be doing?
The bank also came back with conditional approval pending property valuation. I am confused if I need to spend anymore money on this property. Please advise