In today’s competitive market it’s critical to present a strong offer to the vendor for consideration, especially if the property is being sold via private treaty or prior to auction.
Usually this will mean putting yourself in a position where you are prepared to waive the statutory cooling-off period.
To achieve this, we will need to sign what’s called a section 66w certificate and the deposit (usually 10% of the purchase price) will need to be provided to the real estate agent.
If the offer is then accepted by the vendor, the contracts will be ‘exchanged’ immediately and you will be committed to purchasing the property. It is important that all due diligence is completed before attending auction or where there is no cooling-off period in the contract. Keep in mind that there is automatically no cooling-off period when the property is sold at auction (or on the auction day).
If you’d like the names and details for any of the other professional service providers noted above, please do not hesitate to contact us.