What’s the difference between a Section 32 and a Contract of Sale?
A Section 32: includes information so prospective buyers can conduct due diligence and make an informed decision about the property. A Contract of Sale: lists all the information and terms and conditions pertaining to the sale of the property. Once signed by the vendor and buyer, it’s a legally binding document. Both documents are mandatory by law to sell property.
Do I need to come to your office?
If we’re conducting your VOI, you need to come to our private Essendon office. However, for all other property transaction matters, coming to our office is optional as transactions are completed electronically via PEXA. We conduct meetings via secure video conference or phone.
What’s the difference between a conveyancer and a lawyer?
A conveyancer is a qualified professional who deals with property transfers between people. That’s all we do, day in and day out. A Solicitor offers a range of legal services, which may include for example commercial leasing, wills and probates and conveyancing.
What is a cooling off period and when am I entitled to it?
What is a VOI and why do I need it?
A Verification of Identity (VOI) proves who you say you are and is legally required when purchasing, selling or transferring any property. A VOI safeguards you against identity theft and unauthorised property transactions. We are authorised to conduct VOIs and this can be completed either in-person or at an Australia Post.
Should a conveyancer review the Contract of Sale and Section 32?
Before you make an offer on a property, a conveyancer should review the Contract of Sale and Section 32. A conveyancer will alert you to anything concerning such as special conditions, planning and zoning, building compliance and more. Based on this information, you will be able to make an informed decision about whether or not to make an offer on the property. This’ll avoid any nasty surprises post-settlement, save you distress and possible financial woes.
Should I conduct a finaly inspection on the property
Absolutely. You’re legally entitled to conduct a final inspection before you settle. This can happen one week prior to settlement, not any time sooner. During the final inspection, walk through the entire property (inside and out) and check everything is exactly as it was on the day of the sale. If anything is different, speak to your conveyancer immediately who will help solve this before settlement.
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Level 1/ 268 Keilor Road
Essendon North Victoria 3041