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VIC Contract for Sale of Property - Cooling Off Period?

Discussion in 'Property Law Forum' started by Lawrieth, 18 April 2015.

  1. Lawrieth

    Lawrieth Active Member

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    When signing a contract for sale, what's the cooling off period as I would like to change some of the dollar values as sales commission and put in an asking price as not listed only example?
     
  2. Tim W

    Tim W Lawyer
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    Are you selling or buying?
     
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  3. Lawrieth

    Lawrieth Active Member

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  4. ClareB

    ClareB Well-Known Member

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    Generally, sellers in Victoria do not have the benefit of exercising a cooling off period. Once the seller has signed the sale contract, they generally cannot withdraw from the sale.

    If you want to make amendments to the contract for sale, make the amendments ASAP with your conveyancer and before the contract has been provided to potential purchasers.
     
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  5. Lawrieth

    Lawrieth Active Member

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    Thanks for the expert advice, i didn't know there was no cooling off, meeting Monday, will amend Contract to suit
    Thanks LT
     
  6. Tim W

    Tim W Lawyer
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    I'm afraid I don't quite understand what this means, and what it is you are proposing to do.
     
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