Blog - Pearson Chambers Conveyancing

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

We wrote this because the words ‘limited title’ can make an otherwise straightforward Melbourne purchase feel suddenly risky. It’s a recurring question when buyers review the title for an older terrace, worker’s cottage or weatherboard hom... Read More

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

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