Obtaining Contract Advice Before Signing a Contract of Sale
property is an exciting and emotional achievement. Undertaking such a
large investment is an important milestone in anyones life particularly
if youre a first home buyer. It is therefore important not to let
emotions cloud ones judgement. Its all too easy to attend
at an inspection and fall in love with a house. You immediately begin
imagining yourself living in it. You begin visualising the various renovations
that you could perform to trade mark the house as your home. In all the
excitement, its easy to forget that what youre purchasing
is set out in black and white in a legal document. It is the duty of the
Solicitor to ensure that a purchaser knows exactly what theyre buying
so that they can make an informed decision about that purchase.
often have preconceived notions of what they propose to do with a property.
One couple had proudly purchased a dilapidated dwelling that was located
on a large parcel of land in a popular Melbourne suburb. The couple had
intended to demolish the dwelling and build three townhouses upon the
land, two to sell and one to make their home. Unfortunately for that couple,
the title to the property was encumbered by a covenant that prevented
the erection of more than one dwelling upon the land. The couple were
so eager to secure the purchase that they did not bother to see a Solicitor
about the contract before signing it.
story is but one of many examples where obtaining pre-purchase advice
could have enabled a purchaser to make a properly informed decision. The
message is not to be hasty. Sievers Lee Lawyers offer pre-purchase advice
to prospective purchasers of real estate. The advice is set out in plain
English in a letter that can be retained for future reference. We also
take the time to explain to our clients the various facets of a property
that the buyer should be made aware of.
cost of obtaining pre-purchase advice is incorporated into the cost of
undertaking the conveyancing for a successful purchase. What does this
mean for you? It means that if you were successful in purchasing then
it didnt cost you any extra to get advice about the contract before
more information about obtaining pre-purchase advice please contact