03/11/2026
THE VERDICT IS IN: IT’S A MYTH! 🚫💸
Earlier, we asked if losing your deposit when finance falls through is a Myth or Fact... and the answer is MYTH!
Your finance date is your safety net—don't let it slip! Here is how standard REIQ property contracts work in Queensland:
1. The Condition: A "subject to finance" contract includes a specific finance approval date.
2. The Way Out: If your loan is declined, notify the seller in writing by that exact date to get your deposit back in full.
3. Your Move: Apply for your loan immediately after signing and keep your solicitor/conveyancer in the loop at every step.
⚠️ Important Warning: If you miss the finance deadline or sign a contract without a finance clause, your deposit is at risk.
💬 Got a property question? Ask it in the comments below! One of our agents will answer it in next week's post!
📞 Riya Khadka (Sales Associate): 0422 855 024
☎️ Office: (07) 3132 7324
🌐 Website: www.lakesandhill.com.au
Standard REIQ contract guidelines - general information only.