It is not uncommon for agents to ask for an ‘unconditional’ exchange or a waiver of the cooling off period. They do this, for example, if the property was otherwise proceeding to auction or if the vendor simply wants to have certainty the deal will proceed.
In order to waive a cooling period, the agent will require a certificate from a solicitor verifying that they have explained the consequences of this to this purchaser. Dodd & Crossett are generally available to provide these certificates however, if you are looking to sign an ‘unconditional’ contract you need to be sure that you have conducted all of your due diligence – for example, your pests and building inspections, your strata report (if applicable) and your legal contract review. But perhaps most importantly you need to make sure you have your finance approvals in place.