May 11

Contracts – to read or not to read !

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When helping our client Purchasers, a review of the Contract of Sale and Vendor’s Statement (Section 32) by Kelly and Chapman before signing will give you an understanding of what it is that you will be signing if your are the winning bidder.

Contract of Sale documents can be very complex by nature and should not be readily agreed to. In some cases, Contract negotiations are required and we can attend to this on your behalf or at least, direct you in which way to best move forward. In the event of an Auction Purchase, negotiation of the documents may not necessarily be possible therefore a review of the Contract and Vendor’s Statement documents becomes imperative.

We here at Kelly and Chapman will review these documents for your, prior to your Purchase, as part of our service. In some cases, this may be for 3 or more properties.

We will explain the context of Auction sales and Private sales (ie. sales not at auction) and will discuss with you what your contract is made up of and the main risks you need to look out for in a Contract of Sale and Section 32 for off-the-plan purchases and established homes.

To view more information about our Property Law service please click here