Commissioner's blog: Don’t be hasty when buying a home
Western Australia’s residential property market is booming right now, so house-hunters may be feeling some pressure to buy now to avoid missing out in future.
While it might be a seller’s market, we would urge buyers to avoid making hasty decisions they might later regret by doing their own research, asking lots of questions and seeking professional advice. There is no mandatory cooling-off period for real estate contracts in WA, meaning it’s very difficult to back out once a written offer is signed.