The Risks of Skipping a Vendor Statement Review
Many first home buyers assume the Section 32 is just standard paperwork. It isn't. This document contains information that could fundamentally change whether the property is worth buying at all.
Under Victorian law, vendors have a legal obligation to disclose 'material facts' about the property. This includes non-obvious issues like historical murders, former meth labs, or combustible cladding. Failure to provide a Section 32, or providing a defective one that is incomplete or false, allows you to rescind the contract at any time before settlement.
But here's the catch: you need to know what's missing or incorrect to exercise that right. Without a proper review, you might not realise the vendor statement is defective until it's too late.
What a Section 32 First Home Buyer Should Know
Section 32 certificates like rates notices and title searches are generally considered 'stale' after three months. If the property has been on the market for a while, the information in your vendor statement Victoria document might be outdated. We check the dates on all certificates and advise whether updated searches are needed.
For strata properties, the Owners Corporation certificate is particularly important. It must disclose any special levies that have been raised or are planned. A $50,000 building remediation levy that wasn't properly disclosed could give you grounds to walk away from the purchase.
Our Section 32 Review Process
When you send us your Section 32 vendor statement, our solicitors conduct a comprehensive review. We don't use templates or tick boxes. Each document is read thoroughly by a qualified lawyer who understands Victorian property law.
We provide you with a written report that explains:
- Who owns the property and whether there are any issues with the title
- All easements, covenants, and restrictions affecting the land
- Planning overlays and zoning information
- Outstanding rates, levies, and other outgoings
- Any defects or omissions in the vendor statement
- Red flags that require further investigation
Our report is written in plain English. No legal jargon, no confusing terminology. You'll know exactly what you're buying and what questions to ask before signing anything.
Fixed Fee Conveyancing with Transparent Costs
Our conveyancing service is $1,320 plus disbursements. That includes your Section 32 review, contract of sale review, title searches, settlement coordination, and PEXA electronic settlement. We don't advertise low headline fees and then add hidden markups. The price we quote is the price you pay.
If you need pre-auction contract review, we turn it around within 24 hours. Auction purchases require immediate contract signing with no cooling-off period, so timing matters.