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REIA Home > Consumer Information > Buying > The contract 
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THE CONTRACTIf you have inspected a property and decided to buy it, either by private sale or before a scheduled auction, the estate agent will generally prepare a contract for you to sign. If you are buying at auction, you will be able to inspect the contract prior to and at the auction. The contract will include details of the terms and conditions of the sale, such as the deposit required, the settlement date and the chattels included with the property (such as carpets, curtains etc). The contract is a legally binding document, so it is important that you fully understand your obligations before signing. For further information about contracts, contact the Real Estate Institute in your State or Territory. |
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