Real Estate Agent Is Not Sharing The Section 32 of The House. Is Something Wrong?

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  funnysht on 01/08/2020 - 00:29

  The section 32 vendor statement provides the buyer with important information about the state of the property. Legislation dictates that the seller must bring certain matters to the attention of the buyer about the property. So being a legal requirement, there are severe consequences if a section 32 vendor statement is not provided or is found to be incomplete or defective.

  • 

    funnysht on 01/08/2020 - 00:32

    +2

    • The vendor's solicitors have not yet prepared the section 32s for the properties yet

    This is the common reason for delay. It cost money to do this and a growing portion of vendors don't do this until the last minute until they find out they actually have interested buyers - after all, why spend money to prepare a document unless you actually have a viable buyer.

    Agents know that the sooner they get interested buyers the sooner they can 'sell' the property. There is no real benefit to them to delay handing out the s32.

    from whilrpool

    • 

      jjjaar on 01/08/2020 - 13:32

      Agreed. I came across a lot of houses where they told me it hadn’t been drawn up yet. There was one instance where it wasn’t ready until about 3 days before auction. In most cases it was ready about a week after the first advertised inspection (often a month before auction). Some cases it wasn’t until about 2 weeks. It all depends on the agent and their solicitors.

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  Dlw on 01/08/2020 - 01:05

  +4

  Is it common for real estate agents to lie?

  Yes, very.

  They could be just a terrible agent…

  If you are going to put it any offer, just follow the usual advice with building inspections, pest reports etc

• 

  elgrande on 01/08/2020 - 07:19

  +6

  Is it common for real estate agents to lie?

  lol

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  MrHyde on 01/08/2020 - 07:29

  +3

  Is it common for real estate agents to lie?

  How to tell if a real estate agent is lying?
  His lips are moving.

  Is it common for real estate agents to not have section 32?

  Yes, S32 is a legal requirement that takes time to create. Sometimes vendors just dont get it done in time. This is not in agents control. Their aim is to sell the property, so not having S32 does not help them.

  Is something wrong with property and that’s why I should be worried as the agent could be trying to hide something?

  Maybe, maybe not. Not having S32 does not relate to whether agent is hiding something or not. You should take the view that the agent is hiding something and you need to do your own due diligence.

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  WreckTangle on 01/08/2020 - 08:57

  +1

  If you like it you could perhaps purchase subject to a satisfactory section 32

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  JIMB0 on 01/08/2020 - 09:06

  If they've done any building works in the last few years the permits need to be included in the s32. Maybe they lost them and are trying to get replacement copies.

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  [Deactivated] on 01/08/2020 - 09:26

  +1

  My experience with real estate, the staff are either up themselves and youre wasting their time, or you get the honest but clueless idiot

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  spal on 01/08/2020 - 19:53

  If in Victoria, a RE agent told me that they would accept our offer in an email, but couldn’t do a contract. As, it is required for them to so supply sec32 before they can legally accept any offers. We then had to wait about two weeks for the vendor’s conveyancer did a sec32 and a contract of sale. Both documents were done as a package.