
Legal steps to selling a house
Whether working with a real estate agent or selling your house privately, the legal requirements of selling property in your state or territory apply to you in the same way. Here we breakdown...
In the context of real estate, a caveat acts as a legal warning sign for a piece of land or property. It's a formal notice telling everyone that a person or organisation has a special interest in that property.
In the context of real estate, a caveat acts as a legal warning sign for a piece of land or property. It's a formal notice telling everyone that a person or organisation has a special interest in that property. Once a caveat is filed, it limits any actions related to the property, including selling, transferring, or adding additional financial obligations without the owner’s permission.
In Australian states such as NSW, a caveat generally lasts 21 days from the date the notice is served. However, the party filing the caveat has the option to extend its duration beyond the initial 21-day period.
Caveats are typically lodged for various purposes, including:
Compare your property to recent sales in the area to get a current market estimate.
You might also be interested in
Whether working with a real estate agent or selling your house privately, the legal requirements of selling property in your state or territory apply to you in the same way. Here we breakdown...
If you're preparing to sell your home or an investment property you may be wondering what settlement is and what settlement day actually involves.Settlement is the final step in selling your...
If you are buying or selling your home, you are likely to need some help in taking care of the often complex legal requirements. But should you choose a solicitor or conveyancer to handle what is...