All Topics / Help Needed! / contract with no clause

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  • Profile photo of daniel vicdaniel vic
    Participant
    @daniel-vic
    Join Date: 2013
    Post Count: 120
    October 21, 2015 - 7:14 pm

    hi all a question when buying in vic ?

    if you put in a offer on a bANK FORCLOSER and you get accepcet and have no clauses on it can you stil walk away ? do you have 3 days ?

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010
    October 21, 2015 - 8:37 pm

    Assuming you’re in Victoria, you have three days cooling off unless you specifically waived your cooling off rights. Each State has a different cooling off period and terms, ie some return the full deposit, others take 0.25% of the purchase price as a penalty etc.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Kate AshmorKate Ashmor
    Participant
    @kateashmor
    Join Date: 2015
    Post Count: 20
    October 21, 2015 - 8:51 pm

    Yes, the three business day cooling off period in Victoria still applies. Read the fine print on the front page of the contract of sale.

    Kate Ashmor | Ashmor Legal Pty Ltd
    http://www.ashmorlegal.com.au
    Email Me

    Property Lawyer and Opiner

Viewing 3 posts - 1 through 3 (of 3 total)

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