Vendors Statement & Contract Of Sale
Vendor's Statement pursuant to Section 32 Sale Land Act 1962 (Vendors Statement)
and Contract of Sale (Contract) both referred to singularly or together as sale documents
In order to sell your property you must provide the Purchaser with a Vendor's Statement. The Vendors Statement contains important information as required to be supplied pursuant to Section 32 Sale of Land Act 1962, not limited to but including:- Outgoings for the property; Insurance where the property does not remain at the vendor's risk before settlement - very rare; Owner Builder Report and Warranty Insurance where section 137B of the Building Act 1993 applies - Whwn Owner Builder works have been carried out at the property, Information in relation to any easement, covenant or similar restriction affecting the property; If the property is within a bushfire zone; Planning Scheme details together with zoning of the property and any relevant overlays; Any Notices made in respect of the land which should be disclosed to a purchaser; Details of any building permits issued for the property within the preceding 7 years under the Building Act 1993; Owners Corporation information as required if the property is affected by one or more Owners Corporations; Growth areas infrastructure contribution information; Non-connected services at the property - such as gas, electricity, telephone, sewerage and gas; and Evidence of Title.
When you engage Definitive Conveyancing Victoria (DCV) to represent you in your sale DCV will send you a Vendor Questionnaire together with Verification of Identity, Client Authorisation and Foreign Capital Gains Witholding Tax document,s the later 3 documents which are referred to and covered in the VOI tab of this website.
DCV will apply for all necessary searches and certificates including Owner's Corporation information (if applicable) in order to provide you with sale documents at the earliest opportunity.
The Sale documents are provided promptly so that a Contract can be entered into. No prior offer or agreement whether verbal or in writing is legally binding. We can assist with negotiations if required so that the Contract can be clearly read, understood and interpreted at all times to avoid any future litigation that may arise as a result of wrongly worded terms and/or conditions or open ended terms incorrectly stated.
Once the sale documents have been provided, a successful sale has been negotiated, the purchaser makes an offer in writing and the vendor accepts the offer in writing, the Contract becomes a legally binding Contract and the date of the Contract is the date the vendor accepts the purchaser's offer. Subject to Section 31 of the Sale of Land Act 1962 the purchaser is entitled to a 3 business days cooling off period from the date of the Contract. Note: The 3 business days cooling off period is applicable to most transactions but not all ... is not applicable to any property sold within 3 business days either side of an advertised public auction date.
Once the Contract has been finalised, the cooling off period expires and the Contract becomes unconditional as to any special conditions that may have been included, we attend to all matters, procedures and/or requirements including liaising with any mortgagee and endeavouring to arrange for the early release of the deposit pursuant to Section 27 of the Sale of Land Act 1962 in order for the Title or Titles to the property to be conveyed to the purchaser in a timely professional manner at all times communicating with you all the way from A-Z available at any time, including after hours when available to assist you with any query, request, assistance or simply just support you may require or need. We are here to help and guide you all the way!! No question, assistance and/or requested support is considered silly or unreasonable. We understand the position you are in.
Please do not hesitate to contact DCV should you require any further information or have any general queries in relation to your proposed sale or the sale of you property. We are more than happy to assist you.
and Contract of Sale (Contract) both referred to singularly or together as sale documents
In order to sell your property you must provide the Purchaser with a Vendor's Statement. The Vendors Statement contains important information as required to be supplied pursuant to Section 32 Sale of Land Act 1962, not limited to but including:- Outgoings for the property; Insurance where the property does not remain at the vendor's risk before settlement - very rare; Owner Builder Report and Warranty Insurance where section 137B of the Building Act 1993 applies - Whwn Owner Builder works have been carried out at the property, Information in relation to any easement, covenant or similar restriction affecting the property; If the property is within a bushfire zone; Planning Scheme details together with zoning of the property and any relevant overlays; Any Notices made in respect of the land which should be disclosed to a purchaser; Details of any building permits issued for the property within the preceding 7 years under the Building Act 1993; Owners Corporation information as required if the property is affected by one or more Owners Corporations; Growth areas infrastructure contribution information; Non-connected services at the property - such as gas, electricity, telephone, sewerage and gas; and Evidence of Title.
When you engage Definitive Conveyancing Victoria (DCV) to represent you in your sale DCV will send you a Vendor Questionnaire together with Verification of Identity, Client Authorisation and Foreign Capital Gains Witholding Tax document,s the later 3 documents which are referred to and covered in the VOI tab of this website.
DCV will apply for all necessary searches and certificates including Owner's Corporation information (if applicable) in order to provide you with sale documents at the earliest opportunity.
The Sale documents are provided promptly so that a Contract can be entered into. No prior offer or agreement whether verbal or in writing is legally binding. We can assist with negotiations if required so that the Contract can be clearly read, understood and interpreted at all times to avoid any future litigation that may arise as a result of wrongly worded terms and/or conditions or open ended terms incorrectly stated.
Once the sale documents have been provided, a successful sale has been negotiated, the purchaser makes an offer in writing and the vendor accepts the offer in writing, the Contract becomes a legally binding Contract and the date of the Contract is the date the vendor accepts the purchaser's offer. Subject to Section 31 of the Sale of Land Act 1962 the purchaser is entitled to a 3 business days cooling off period from the date of the Contract. Note: The 3 business days cooling off period is applicable to most transactions but not all ... is not applicable to any property sold within 3 business days either side of an advertised public auction date.
Once the Contract has been finalised, the cooling off period expires and the Contract becomes unconditional as to any special conditions that may have been included, we attend to all matters, procedures and/or requirements including liaising with any mortgagee and endeavouring to arrange for the early release of the deposit pursuant to Section 27 of the Sale of Land Act 1962 in order for the Title or Titles to the property to be conveyed to the purchaser in a timely professional manner at all times communicating with you all the way from A-Z available at any time, including after hours when available to assist you with any query, request, assistance or simply just support you may require or need. We are here to help and guide you all the way!! No question, assistance and/or requested support is considered silly or unreasonable. We understand the position you are in.
Please do not hesitate to contact DCV should you require any further information or have any general queries in relation to your proposed sale or the sale of you property. We are more than happy to assist you.