Buying Private Sale
A “cooling off” period may apply (varies from State to State)
You must pay the full deposit when exchanging contracts
You can complete all reports and inspections before the end of the “cooling off” period (if there is one) – and withdraw your offer if anything is wrong
You are aware of the asking price
A higher price can result if a number of people are interested and make offers
You may be able to negotiate some of the terms of the contract