Cooling off periods – What is it? What could go wrong?

Cooling off periods – What is it? What could go wrong?

The cooling off period is a period of 5 Business Days after you receive a fully executed contract to purchase a property.  During the cooling off period, the purchaser has the option to re-think the purchase and consider their ability to finance the property. If you change your mind within this timeframe, you can elect to terminate the contract at your absolute discretion. While a cooling off period has some obvious benefits, there are some things that purchasers need to be aware of.

What Is Conveyancing

What Is Conveyancing

Conveyancing is the process of transferring a property from one individual or entity to another whether you buy or sell property. For many of us, property is the most valuable asset we will ever own, so whether you are buying your first home or expanding to a larger family residence, buying and selling property can be an overwhelming experience. A solicitor or Conveyancer can assist you to ensure your financial transaction goes smoothly and ensure your legal rights under the Contract are protected.

How Does A Property Auction Work

How Does A Property Auction Work

Buying at auction can be an exciting process. However, it is not one that should be taken lightly. Auction contracts are generally unconditional contracts. Which means, that once you sign on the dotted line, you are legally obligated to purchase the property.