Episode 44: Chris Walsh - What's a Section 27 and How To Make the Most of It

Section 27's are a mystery to most who don't do real estate every day, and they are an important part of the buying and selling process. Today, we will find out why we need them, and how we can benefit from them.

Christine Walsh is a well respected member of the conveyancing fraternity. Her career spans more than 28 years in the legal profession, including 18 years in her own business. She's the Director of Walsh Conveyancing in Somerville, and prides herself on providing all of her clients with a supportive, informed, 'warm and fuzzy' conveyancing experience when people buy, sell and transfer real estate within the state of Victoria.

1. What is a section 27?

2. Why was a section 27 created?

3. Who is supposed to give us the section 27 to sign?

4. For a buyer, what advantages are there for us to sign a Section 27?

5. For a vendor, or seller, what are the advantages for vendors to sign a Section 27?

6. After both the vendor and the buyer have signed, how is the money then distributed to the agent and the vendor?

7. In what types of situations would it be best not to sign a Section 27?

 

If you would like to contact Christine to help with your property conveyancing needs, you can call her on: 5977 5111 or via email: chris@walshconveyancing.com.au