What is a section 66W certificate?
This is a certificate which waives the cooling off period in relation to the purchase of property. in many transactions for, real estate agents will require a section 66W certificate in order to complete the transaction. This is because offering a section 66W certificate is a more attractive offer to defend or then if you have a cooling off period which allows the buyer to rescind the contract. It locks the buyer in and means that they cannot back out if they decide that they don’t like it the property. there can be a very strong drive to give a certificate like this because of fear that someone else will get the property from the if you don’t manage to buy property there you are looking at now. there can be great pressure on the buyer to exchange contracts and locking in the sales of the real estate agent, who gets a commission on the sale. For this reason, the buying process can be for a danger if you’re unfamiliar with the processes involved in conveyancing and this is why it is necessary to have the advice of a qualified professional to assist you with conveyancing tasks like issuing a certificate of this nature.
Naturally, it is correct that there can be a genuine race to exchange and if you need a cooling off certificate to be given by a lawyer, having access to a lawyer immediately can mean the difference between buying a property and not. For this reason, we suggest that you obtain the services of a solicitor early on in the process of conveyancing to avoid the need to simply select any without feeling comfortable that you are getting a good deal from your lawyer. if you need a clone of certificate, just contact us using any of the contact options available on these pages and we will answer your query in the next few hours.