What Happens If There's a Mistake in Your Contract of Sale

What Happens If There's a Mistake in Your Contract of Sale
We get a version of this call most weeks: a Melbourne buyer signs after a busy Saturday inspection, then reads the contract properly on Sunday night and spots a wrong name, date, price or missing item.The short answer: A mistake in a Victorian contract of sale does no... Read More

How to Pay the Deposit When You Buy at Auction

How to Pay the Deposit When You Buy at Auction
We hear this question almost every week during Melbourne auction season, usually from buyers who have planned their bidding but haven't been told how a large deposit is meant to leave their bank account on a Saturday.The short answer: If you're the successful bidder a... Read More

When Your Bank Isn't Ready to Settle in Victoria

When Your Bank Isn't Ready to Settle in Victoria
This is one of the most stressful calls we receive in the final week before settlement: the buyer has packed, booked the removalists and then hears that the bank may not be ready. The good news is that early action can often turn a looming default into a short, documented extension.... Read More

Buying Out Your Siblings' Share of an Inherited House

Buying Out Your Siblings' Share of an Inherited House
This is one of the most emotional property questions that reaches our Melbourne conveyancing team. A family home in Preston, Glen Waverley or another long held suburb has been left to several children, one sibling wants to keep it, and everyone needs a fair answe... Read More

Who Holds Your Deposit When You Buy a House

Who Holds Your Deposit When You Buy a House
In Victoria, your house deposit usually goes to the seller's estate agent, who holds it as stakeholder in a regulated trust account until settlement. It does not go straight to the seller. If the seller wants the deposit before settlement, section 27 of the Sale ... Read More