Here are the most common issues that raised for sellers from a conveyancing stand point.
- Signatures and initials are missed.
- Not all information is filled out.
- Not all the correct accompanying documents are included.
- All information about the property is not disclosed to the buyer i.e. caveats, structural damaged, things not working etc
- Permits are not provided, or not disclosed if there is none, i.e. sheds, spa, pools etc
- Chantel’s are not defined, i.e. is a spa a permanent fixture?
- Regulations are not met i.e. Electricity and Plumbing
- Timeframes are they flexible or fixed – needs to be discussed.
- And the biggest issues of all: Clauses and conditions are written poorly – who, what, when and consequence.
Whilst some of most of these issues can be sorted during settlement, if a buyer gets cold feet or feels they have been misrepresented it could lead to the seller having to compromise on price or the sale falling through.
How do avoid issues
- Hire professional conveyancers first – They can help you with the agent write the best O&A
- Be organised – have all the relevant information and documents
Question your agent and conveyancer and keep communicating. So contact us today.
