What is a cooling-off period in real estate transactions in Australia?
What are the conditions and duration of the cooling-off period in real estate transactions in Australia?
Category: Real Estate & Conveyancing
Location: Patillas
Location: Patillas
Answers
The cooling-off period in real estate transactions varies by state but typically lasts between 2 to 5 business days, allowing the buyer to withdraw from the contract.
6 months ago
Conditions of the cooling-off period, including any penalties for withdrawal, should be clearly stated in the contract of sale.
6 months ago
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