Buying a home? Why it is Crucial You Obtain Legal Advice Before You Sign

Buying a property? Why not getting advice on the Contract before signing could be one of the biggest mistakes you make!

So you’re looking at buying a property, but don’t want to spend a little bit of money to have the Contract reviewed before signing?

This one decision could cost you thousands of dollars!

A Contract of Sale and Vendor Statement contain a lot of information about the property. It can highlight potential risks of purchasing the property, extra on-going costs that have not have been factored in to owning the property, potential works that were undertaken without a permit, plus more. If you do not understand the contents of the Contract of Sale and Vendor Statement in full and sign the Contract, you will have limited recourse in the event something goes wrong. Meaning you could be liable for rectifying any issues that may arise.

What advice does Trish provide when reviewing a Contract?

Trish goes through the Contract with a fine tooth comb. She will advise you on the main terms of the Contract, highlight any areas of concern, such as potential illegal building works or incomplete disclosure by the Vendor. She will provide advice on conditions to be placed with your offer, such as having a Building and Pest Inspection report conducted.

What advantage is there to having Trish review the Contract?

Being one of very few Accredited Property Law Specialists in Victoria means she knows all the things to look out for. This is simply not something a conveyancer can provide. She has assisted many purchasers gain clarity on different aspects of their purchase that they had not thought of or understood.

There has been instances when purchasers pulled out of the purchase as a result of the information Trish was able to provide them before they signed the Contract, to which beforehand, they had no idea of!

Do not let this one thing be a mistake you regret. Contact us today to see how we can help.