One in four Victorian properties carries a restrictive covenant
From 1,358 Victorian contracts of sale One in four Victorian properties carries a restrictive covenant You can buy the house you love and still...
Don’t wait on the legals. Upload your contract now and our expert property lawyers will review it within 4 business hours where possible. We’ll flag any risks, explain the fine print in plain English, and give you the confidence to move forward, or walk away knowing exactly where you stand.
Get a Free Contract of Sale and Section 32 review, no obligation, back within 4 business hours.
See at a glance what’s safe, what’s a risk, and what to question before signing.
There are no takebacks, no cooling-off rights, and no subject-to-finance escape clauses. That means every piece of due diligence must be completed before you bid. At Prepared, we empower you with a clear, fast strategy for auction.
Get written loan pre-approval and establish your maximum spend.
You can’t bid “subject to finance” at auction.
Auctions can be high adrenaline endeavours, so know your limits before emotions kick in. This isn’t just about the purchase price, you should factor in:
Get help from your legal team nice and early
Auction timelines are tight. Engage a property lawyer the moment you spot a property. Unlike some competitors we provide a thorough written contract and Section 32 review, often within 24 hours. We flag hidden risks that less prepared purchasers might miss.
If you're waiting on advice, you're already behind.
Order independent building & pest reports
You buy the property “as is” in its current state of condition and repair (including hidden defects).
Unless you are an experienced building professional, you might miss critical issues during the open-house inspections. Independent, professional reports can reveal structural issues, pest activity, and safety hazards you won’t spot yourself. They should be non-negotiable. Don’t rely on vendor-provided inspections, as they may not tell the whole story (and you may not have any recourse if they are wrong).
Back to basics
There is a range of basic checks and investigations (due diligence) that you need to consider before you buy. Not everything relevant to the property is revealed in the section 32.
The vendor or agent must provide you with the official Consumer Affairs Victoria Due Diligence Checklist.
Use the checklist in tandem with the property-specific Section 32 to ensure no stone is left unturned.
Check how title and zoning restrictions will impact your plans for the land
Confirm the title is clean and that the property is suitable for you and how you intend to use the land, look for:
For an auction, all of this due diligence must be completed before you bid.
This is why our "fast-track" contract review is so critical for auction buyers.
Be clear on Auction rules
Remember:
We can assist in negotiating terms (such as a longer settlement) before the auction, but only if you act early.
This is why our "fast-track" contract review is so critical for auction buyers.
The information is general in nature and does not constitute legal advice. If you are buying or selling, please contact us to request legal advice.
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