Blog - Pearson Chambers Conveyancing

We get this question from Melbourne buyers who signed after a busy inspection, then felt uneasy while the contract was still with the agent. The gap between signatures can feel like a legal waiting room.The short answer: A Victorian buyer can generally withdraw a writ... Read More

An 'as is, where is' clause generally tries to make you accept the property in its present state and rely on your own inspections, but its effect depends on the complete wording and the rest of the contract. It cannot contract out of Victoria's Section 32 disclosure scheme or permit a vendor or a... Read More

A Victorian buyer can generally withdraw a written offer at any time before the seller accepts it. Once the seller has accepted, usually by signing the Contract of Sale, withdrawal and cooling off become different questions: an eligible private sale buyer generally has three clear business days f... Read More

An escalation clause says your offer will rise by a set amount above a genuine competing offer, up to a firm maximum. Victorian property sale rules do not provide a standard escalation clause process, but a buyer can generally propose one as a special condition in a private sale. Regulation 16 of... Read More

A supplementary rates notice adjusts council rates after a property's valuation changes, commonly because a home has been built or land has been subdivided. The current owner is responsible to the council, but the contract may require the vendor to bear the part ... Read More