Why is it important? We know that when you find the right property and when your offer has been accepted, you will be excited to sign the Contract of Sale as this will be the first step to finally getting your dream house. The last thing on your mind will be the duties, obligations and potential risks of the Contract of Sale.
Before signing the contract, it is important that you know what each clause means and what it implicates if you accept. You must know your rights and protect yourself against issues such as loss or damage before settlement or a breach of contract by the other party.
Special conditions may be written about any aspect of the sale. Some of the key issues often include; finance, pest & building inspections, penalties for delays in settlement, illegal building works and other similar issues.
It is common for parties to get confused and questions to arise. That is why the team at Mountain Ranges Conveyancing are here for you. We want you to be able to sign the Contract of Sale and have confidence and assurance that everything will go smoothly.