When Auctions Go Wrong 🤦😲 (mostly relevant in NSW)
Jared Zak is a solicitor at 'Dott & Crossitt Solicitors' with over 15 years of experience in property.
Most of what is discussed here is relevant to NSW legislation.
How to prevent your deals from falling apart and being potentially liable for the consequences:
- After the hammer has gone down can the buyer put the contract in a company / another name?
- How legally enforceable is the fall of the hammer?
- Is the reserve legally enforceable?
- Can you amend a contract after the auction?
- How to correctly handle GST exclusive bids
For more info on Jared Zak
*DISCLAIMER: The information provided in this video is general in nature only and for education purposes. The information provided does not constitute as personal legal advice. Tom Panos Pty Ltd does not accept any liability for any decisions made based on the information provided. Tom Panos Pty Ltd strongly encourages you to seek professional legal advice to discuss your personal circumstances.