When a residential contract is signed by the Seller and Buyer and received by the Buyer, a 5-day cooling-off period applies to this contract unless it has been waived or shortened in writing. This means the Buyer may choose not to purchase the property for any reason during this 5-business day period. Conveyancing Home Queensland advise customers and sellers that this is strictly a Buyer’s right (and not the Sellers) only in Queensland.
However, the Seller may retain up to 0.25% of the purchase price from the deposit. It is a pleasure to provide clear direction when you need us.
Contact us at info@conveyancinghome.com.au or call on 07 3236 2852. Conveyancing Home Queensland; always here to help you understand your rights and obligations. #conveyancing #homebuyer #sellersmarket #coolingoff