Once you have signed a Contract of Sale and the Vendor accepts your offer, you are bound to the Contract. We are happy to peruse the Contract of Sale and Section 32 Vendors Statement prior to you signing the documents.

The fundamental principle in conveyancing is caveat emptor – let the buyer beware!

Before you sign a Contract of Sale, be aware of the physical condition of the buildings on the property. When buying an established dwelling, you buy the property in its current condition. There is unlikely to be any course of legal action against the vendor if you find out after you have signed the Contract of Sale that the building has been constructed illegally or infested with pests. To be on the safe side, order a Building and Pest inspection report on the property prior to signing.