What is the Section 32 in Victoria?
The Section 32 or the Contract of Sale and Vendor Statement is a set of documents required under Victorian legislation when selling a house. It includes information about the property that might affect the value of the land being sold. Under the Sale of Land Act 1962 (VIC), a Section 32 must be provided by the vendor to any potential purchaser and can be prepared by the vendor’s representative under the instruction of the vendor.
For the buyer, it provides very important information about the house that is crucial when making a purchasing decision.
For the vendor, they are required to provide this in full and with the correct information. If the vendor fails to provide the right information, the sale could be compromised.
How can Red Door Conveyancing Help?
The Section 32 is one of the most important documents throughout the sale or purchase of property process. Red Door Conveyancing has extensive experience in generating and reviewing Sale documents. Our team is made up of conveyancing professionals who have accrued knowledge of the industry over many years. You can trust us to give you the best help and advice possible when it comes to anything related in this industry.
Buyers
- Complimentary review of Contract of Sale and Vendor Statement before signing
- Advice on the Contract and the Section 32
Sellers
- Preparing your Section 32 documents and contract
- Ordering Property Certificates
- Liaising with your Real Estate Agent and Bank to arrange documentation
Why Use A Melbourne Conveyancing Firm?
The Section 32 is a crucial document with very serious repercussions if not completed properly. Conveyancers are very familiar with the requirements and format of the document – they can bring you peace of mind that it is done correctly. Our familiarity and knowledge of the Sale of Land Act of 1962 ensures that everything is completed up to standard and you do not have to decipher what each requirement entails.
If you have been given the Section 32 as a buyer, it is important to understand and identify any missing or incorrect information. Red Door Conveyancing is able to request any missing documents and identify any hidden issues.
In addition to our Section 32 service, Red Door Conveyancing provides a robust array of conveyancing services that our trusted clients rely on and utilise when purchasing or selling a property. Get in touch with the conveyancing experts today to receive a consultation.
