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by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au
Walk away to bid another day - but not before the auction is over.
Picture yourself as a duly registered, cashed-up bidder at the auction of a seaside mansion. Bidding starts at $6.5 million. You join in as bidding progresses to $7.5 million.
Then ...
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Purchasers should take care before signing a contract to purchase real estate, particularly at auctions. Special conditions can be used to pass a vendor's risk to an unsuspecting purchaser. We have shown that estate agents often insert nasty special conditions into contracts, but they're not the only ones. Lawyers and conveyancers do it too. A ...
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