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Something that we have found can be a little confusing in this busy property market is the
concept of cooling off periods. Every state has drastically different guidelines for their
standard contracts, so they vary from state to state.

We all understand how important fire safety is, particularly for anyone with young children or their beloved pets running around, and we feel that these new conditions are going to be crucial to your peace of mind when you’re hunting for your dream home.

Whether you’re downsizing, upgrading, or just needing a change, moving house is tough. It’s time consuming, expensive and emotionally challenging, however, with careful planning and the right resources, it can be a relatively stress-free process.

So your house hunting is over: you’ve received the news that your offer to purchase your dream home has been accepted. Or you’ve put your property on the market and found a happy buyer. Once you’ve taken a moment to celebrate, it’s time to make sure you’re on top of the legal things that can halt the sale or purchase of your property.

In this article, we discuss the factors that can result in failure to settle a property, delayed settlement penalties, what you need to know about extending the settlement date on a signed contract, and how you can do your part to make sure settlement proceeds smoothly.

Are you thinking of making an offer on a property? If you think you’ve found your dream home, congratulations! Making an offer on a property can be incredibly exciting. But before you take the plunge and put in your final offer, we strongly recommend talking to your lawyer about how to make sure the sales contract is fair to you.