Vendor Disclosure statements?

From: Jacque Parker


Hoping someone with far more experience can answer my question!

Are Vendor Disclosure Statements (referred to in Vic as Sec 32's) commonly sited when purchasing properties? I live in NSW and, with my last property purchase, had my solicitor shaking his head in confusion. He didn't know what I was talking about! Is this a common problem or has anyone had any success? I never ended up seeing one- do they exist in this state? My solicitor said all the necessary info was covered in searches etc. Any answers would be appreciated here! Cheers, Jacque :)
 
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Reply: 1
From: Paul Zagoridis


In NSW we don't have them.

The contract is your disclosure. Even to the point that most have a special condition where the purchaser warrants that they have relied only upon the contract and not on any representations of the vendor or her agents.

Paul Zag
Dreamspinner
Oz Film Biz is at
http://www.healey.com.au/~paulz
 
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