cooling-off

Changing Your Mind – Revoking An Offer On Property:

Changing Your Mind – Revoking An Offer On Property:

If you are looking to purchase a property on the Gold Coast, or in Brisbane, the first thing you will do after finding a property you’d like to purchase is to make an offer to the seller. In Queensland this is done by way of signing a contract of sale containing your offer and providing this to the seller for their consideration. The real estate agent will in most cases act as the intermediary in this process, delivering your offer to the seller.

Contract of Sale – The Cooling-Off Period:

Contract of Sale – The Cooling-Off Period:

When purchasing a residential property in Queensland (other than at an auction), the standard contract of sale provides the buyer with a five day cooling-off period, during which time the buyer is free to cancel the contract at any time, for any reason, including a change of mind.