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Section 32 of the Sale of Land Act 1962 (Vic), vendors must disclose any Statement of matters affecting land being sold. But what are material facts, and what happens when a vendor fails to disclose them? This article answers some frequently asked questions about disclosure requirements in real estate. What was the Recent Reform to
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A buyer or seller can cancel a real estate contract, even after it has been exchanged and signed, in rare circumstances. However, there are rules and obligations to follow when terminating a signed property sale contract. Here’s what you need to know. When Can a Buyer Cancel a Signed Property Sale Contract? A property buyer
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The contract of sale is a legal requirement prepared by a qualified lawyer or licensed conveyancer. This legal document formalises the sale of real estate in Australia. Its legalities, however, vary between states and territories. Can a real estate agent draft your contract of sale instead? How long does this usually take? Keep reading the
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A power of attorney is a legal document authorising a person or organisation to make legal and financial decisions on your behalf. The powers under a power of attorney includes buy and sell properties in Australia. However, you might be asking this: why do I need a power of attorney in the first place? More
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Buying or selling a property in Victoria is a crucial financial decision. To ensure a hassle-free transfer of ownership, enlisting the services of a conveyancer or property lawyer is advisable. But which legal professional should you engage with? Conveyancers are experts in simple property transactions, like preparing relevant conveyancing legal. Property lawyers can provide more
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