In QLD a contract becomes binding when both parties sign and the contract and it is returned to the purchaser or their solicitor. Five days cooling off starts from that day.
What i want to know is when does the 14 day subject to finance clause start.
It seems logical that it would start on the same day that the signed contracts are returned to the purchaser or his solicitor.
Had a solicitor tell me that it starts on the day the contract was signed. Not the day the purchaser or his solicitor got the signed contracts back . This doesn't seem logical. There was a five day difference. Which reduces the time i have to arrange a loan by five days.
Thanks for any help
What i want to know is when does the 14 day subject to finance clause start.
It seems logical that it would start on the same day that the signed contracts are returned to the purchaser or his solicitor.
Had a solicitor tell me that it starts on the day the contract was signed. Not the day the purchaser or his solicitor got the signed contracts back . This doesn't seem logical. There was a five day difference. Which reduces the time i have to arrange a loan by five days.
Thanks for any help