Once a contract is signed, you are legally bound to purchase or sell the property. You should consider your legal right to have your contract reviewed by a Solicitor before signing the contract.
As part of the review, our Solicitor will explain the terms of the contract, identify any potential issues and explain any special conditions that form part of the contract.
The Contract document is a legally binding agreement between the buyer and seller. Important information including but not limited to, the parties’ entire names and contact details, contract price, deposit amounts, encumbrances, tenancy details, swimming pool requirements, regulations pertaining to safety switches and smoke detectors, finance amount and financier details, inspection conditions, settlement date and place for settlement.
A Contract also includes any special conditions or disclosures required by the parties. All of which are vitally important to form a legally binding Contract of Sale.
Don’t Sign Anything Without Getting Legal Advice First