10 Mistakes When Purchasing a Property Which Can Be Avoided


Part 1 – Negotiations with real estate agents


Sydney-based legal practice Ross Anderson Lawyers will assist you to avoid or minimise complications which arise when purchasing real estate. We helped many of our clients to avoid multiple pitfalls in the process and now ready to share our knowledge with you.



NEGOTIATIONS WITH AN AGENT


With all due respect to real estate selling agents who deal with tens of potential purchasers, having no or almost no experience in purchasing property...purchasers are reminded of a Latin phrase “Caveat Emptor” which means “Buyer Beware”.

In your negotiations with an agent it always recommended to ask questions about various aspects of the property you are targeting and also seek an opinion of your lawyer or conveyance if the answers the agent gave did not satisfy you.


The thing is, from our experience, when reviewing draft contract for sale given to our clients by agents we most invariably found there a clause which reads approximately the following:


“The purchaser agrees that the only representations about the property are those contained in this contract”.



Conclusion: contact your lawyer early, when making enquiries with a real estate agent


As always, we remind that we at Ross Anderson Lawyers provide conveyancing services and the details could be obtained on our website.


Contact Ross Anderson Lawyers on our phone number 1300 86 16 76 and email us.


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