Residential Due Diligence Checklist Oct 2014
Changes to the Sale of Land Act 1962, effective from 1 October, have clarified the information that sellers must provide to prospective home buyers.
Under these changes:
Section 32 statements are simpler and easier for conveyancers and lawyers to prepare
Sellers no longer have to include a second copy of the section 32 statement in the contract of sale
Sellers (or estate agents acting on their behalf) must make a 'due diligence' checklist available to prospective buyers at open for inspections.
For more information and to download the checklist, view the
Due diligence checklist page on the Consumer Affairs Victoria website.