Selling

What is a 66w certificate?

Fitzpatricks - 03/01/2020

A 66w certificate is a legal document that waves the cooling off period after exchange of contracts, making the contract legally binding. This is a certificate that meets the requirements of section 66W of the Conveyancing Act 1919 and will need to be signed by your solicitor or conveyancer. A cooling off period allows a purchaser to withdraw their offer before 5pm on the fifth …

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An offer has been accepted on the property, how long until it is sold?

Fitzpatricks - 03/01/2020

Once an offer has been formally accepted and the vendors and purchasers agree on the terms of the sale, contracts are signed by both parties, a deposit is paid and then contracts are exchanged. The contract is now legally binding. There is then a 5 day cooling off period. After this time the sale/offer cannot be withdrawn. There is no cooling off period if you …

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