A prudent conveyancer would have always taken reasonable steps to verify the identity of the client and the client’s authority to deal in a transaction.
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Real Estate Agents have disclosure requirements related to pre-purchase property inspection reports. The concept is for these requirements to make it easier, and potentially cheaper, for a prospective home buyer to obtain pre-purchase building and pest inspection reports, and strata, neighbourhood or community scheme reports.
You are entitled to a final inspection of the property you are buying before you take possession of it. By this we mean that the Vendor cannot refuse you a final inspection within the last three days prior to settlement of your contract.
One of the most important terms of the Contract is that you are purchasing the improvements and inclusions in their “current condition and state of repair”.
What if you purchased a property with a particular intention in mind and then found out that what you intended to do with it was impossible? Here’s a few examples of what might go wrong.
Most people don’t enter into the process of buying a home very often. When they do decide to buy, they probably have little idea of all the ins and outs of the entire process.
Conveyancing is the legal process of buying and selling property. This article addresses only the legal aspects of buying your first home.