Already signed a contract of sale? A conveyancer can still help!
Buying a house is not just a financial investment, but also an emotional one. Many people buy a property only once or twice in their lifetimes, and desire perfection in every aspect. Starting from the location and price of the house to the final documentation that they are signing. And it is entirely justified because investing in real estate requires a huge amount. But often down the lane, people find themselves stuck in a contract that is not suitable for them. They take the documentation lightly and do not go through it on a serious note. Later on, they may realise that the property is not worth buying, or the clauses in the agreement are going against their will or budget. If you’ve already signed such a contract, then there’s one thing you can do to save the day. Approach a conveyancer immediately!
When to get in touch with a conveyancer?
During the signing, you may miss out on some crucial clauses. These could include the following :
- Default Clauses
- Special Conditions that seem unfair
- Exceptional Levies
- Permits of building &
- Warranty Approvals
The list goes on, and if you find yourself in a tight situation, it can be daunting for you. Many people surrender to this situation, thinking that they don’t have any alternative because the agreement has been signed, and bonds have been done with. But you still have a chance to fall back from the deal if you contact a conveyancer Geelong at the earliest. A conveyancer is a professional lawyer, with expertise in the field of property dealing. Some of them work as individual lawyers, whereas some are a part of prestigious firms like Cahill Rowe.
Here’s how a Conveyancer can help you
In most cases, property dealing allows you a ‘ Cooling-off ‘ period after the agreement is signed. This lasts for three business days, and you may have a chance to step back from the deal! To avail the chance of cooling off, you will have to pay 0.02% of the purchase or 100$ to settle the dispute. Whichever of the two is greater would be required to pay.
For complicated property matters, it is important to contact Property Lawyers Geelong and have them assess all your documentation at the earliest. Any delay in this process can weaken your chances of backing off from the deal. Though the cooling-off period exists, there are some exceptions to it, mentioned in Section 32 of the Sale of land act. They are as follows :
(5) This section does not apply to a contract for the sale of land where—
(a) the sale is by publicly advertised auction;
(b) the land is sold—
(i) within three clear business days before the day on which a publicly advertised auction for the sale of that land is to be held;
(ii) on the day on which a publicly advertised auction for the sale of that land is held; or
(iii) within three clear business days after the day on which a publicly advertised auction for the sale of that land was held;
(c) the vendor and purchaser have previously entered into a contract for the sale of the same land in substantially the same terms;
To have an expert team backing you in this situation, you can put your faith in the professional team of Cahill Rowe. We specialise in property transfer service Geelong. Our wide client base has been satisfied because we extend our limits to always support our clients in legal matters! After you’ve signed a contract, it’s important to reach out to a conveyancer at the earliest. So without further ado, you may reach out to Cahill Rowe, and our team will have you backing up in no time!
