Hi, I would love someone to put my mind at ease if possible. I have just accepted an offer for my house $350,000. The house is 130years old and has lots of character, which I'm sure the builders inspection will reflect
. I attended a meeting to sign the sale agreement with my solicitor today and I let him talk me into requesting the buyers to waver their right to a 5 day cooling off period. After arriving home from my the meeting I have started to worry about upsetting of frightening off the buyers and I really don't want to do the wrong thing by them. I didn't exactly trust the solicitor assigned to me either, he was trying to sell me everything from wills to financial advice and removalists. Has he pulled a dodgy ?if you’re the vendor this is to your advantage. Has the purchaser offered a S66w or is the solicitor just pushing? Effectively, the purchaser will have completed their due diligence.
Hi
Not sure what state you are in but I' am 99% sure that in Victoria it is a 3 day cooling off period, and even if you get someone to sign a document to waive there cooling off period, it will be void.
The fact that you say it is a 5 day cooling off period means you are most likely in a different state.
Thanks Tim
possumpal wrote:Hi
Not sure what state you are in but I' am 99% sure that in Victoria it is a 3 day cooling off period, and even if you get someone to sign a document to waive there cooling off period, it will be void.
Thanks Tim
It is quite legal to waiver the cooling off period provided you have a S66W certificated signed by the purchaser's solicitor saying that they have advised the purchaser about what this means & how it affects their right to recind the contract.
Anyone purchasing pre-auction generally signs a S66W as well because you do not want to take the property off the market whilst it is subject to a cooling off period for fear that all the money spent on marketing will have been wasted if you then lose other buyers.
Scott No Mates
You are correct, sorry for the mistake
Tim
Cheers Tim.
. I attended a meeting to sign the sale agreement with my solicitor today and I let him talk me into requesting the buyers to waver their right to a 5 day cooling off period. After arriving home from my the meeting I have started to worry about upsetting of frightening off the buyers and I really don't want to do the wrong thing by them. I didn't exactly trust the solicitor assigned to me either, he was trying to sell me everything from wills to financial advice and removalists. Has he pulled a dodgy ?
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