Less "Red Tape" On Contracts
February 14, 2012
PLANS to fix the "dog's breakfast" of residential real estate contracts could mean more information for buyers.
The State Government has announced plans to simplify the selling and buying process by reducing the number of forms homeowners need, from as many as six, to one contract.
Current requirements in a house contract may include a sustainability declaration, a pool safety declaration, a warning statement, an information sheet, disclosure statement and, of course, the contract of sale.
The Government is looking at ditching the sustainability declaration and including floo...