Tip of the day - Cooling off

How many days for cooling-off period?
5 business days

When does it start?
The day the Buyer or Buyer's solicitor receives a copy of the contract

Penalty rate?
0.25%

Auctions?
Cooling off does not apply to auctions

Benefit to Seller, Buyer or both?
Benefit to Buyers only

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Basic Concepts

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I have bought a house, now what do I do? What does my conveyancer do?