Selling a property can be a stressful time for all involved. From the time you sell to settlement there are many processes that need to be undertaken to be prepared for settlement. In the modern day Melbourne Conveyancing sellers market you need to have the advantage by having your paperwork all in order. Having everything ready to go allows your selling agent to sign up ‘hot buyers’ and bid them off against each other, rather than letting the deal come unstuck in waiting
Any Vendor accepting a written offer for the sale of a property is required to produce a Section 32 Vendors Statement. So if you are selling your property, you do. If you intend to sell your property, contact Victorian Property Settlements, and we can prepare your Vendor statement within 1 to 2 hours.
Section 32 Vendors Statement
The function of the Vendors Statement or Section 32 Statement is to inform the purchaser of certain particulars about the property. When a purchaser is deciding whether or not to buy a property, they will normally be provided a Section 32 Vendors Statement by the selling agent.
A Vendors Statement is a document prepared by the person selling a property and must be provided to a prospective purchaser prior to them signing the Contract. A Contract of Sale is not enforceable unless a Vendor’s Statement has been provided to the purchaser prior to the purchaser signing any enforceable contract of sale.
The Vendors Statement under section 32 of the Sale of Land Act will include such information relating to rates, zoning, restrictions etc.
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