anyone who brought a house in VIC this year?

[Salsa]

Good news emma - I kept thinking that its good for vendors with all the competition of people needing houses, but maybe the balls more in our court than I realise. It does seem that the area we are looking in house sell very fast though.
I`m pleased you got you home for good price. What area?

Divvy, the lawyer said we could make an offer on the weekend if we felt so inspired! and then I would need to see him first thing Monday. So I assume he means we can go ahead and sign a contract before he sights it, since we will be puttin the condition of him approving it all anyway? He mentioned something about 3 days...? We wouldnt make an offer with the intention of trying to get out of it a few days later, but he said we have a bit of time to change our minds if we need/want...?
Feeling like there is alot of competition is what makes me think we should put an offer in straight away if we like something, but perhaps Im being overly anxious?

[Astrid]

He mentioned something about 3 days...? We wouldnt make an offer with the intention of trying to get out of it a few days later, but he said we have a bit of time to change our minds if we need/want...?

That is the cooling off period, from memory it is 3 business days, so if you made an offer on a Saturday you would have until close of business Wednesday. You can waive the cooling off period if your lawyer has seen the sec32 prior to your offer. Some people do use the cooling off period to work out finances etc, but it is really cutting it fine, so it is really taking a risk. Have to admit when we sold that we would have accepted $5k less just to have an offer with the cooling off period waived. It was the most nerve racking days we have had in our life as they buyer did organise an extra inspection in that time and we feared that she would pull out. We had many other offers, one very close to hers, but there was no guarantee that they would still be around.