Selling
       Selling Property in Victoria
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Vendor Statement or Section 32 Statements 

Before a buyer can sign a contract to purchase your property, you must give them a Vendor’s Statement (also known as a Section 32).

The purpose of a Vendor’s Statement is to give purchasers information that will assist them in the decision to buy your property. The information includes the amount you pay in Council and Water Rates, the Zoning of your property and any restrictions there may be on the property.

Most of the information will be known to you and the statement is usually prepared within one business day. If you are going to auction your property, more extensive information and documents are required which may take up to two weeks to prepare. So get in early so that you won’t be panicking if a buyer turns up sooner rather than later.




We Know All the Selling Laws to Make the Process Go Smoothly

  • Verification of Identity

    From 2016, the Titles Office holds conveyancers and solicitors liable for identifying all parties to transaction. The Titles Office have their own specific requirements for the check. We are not allowed to complete your transaction unless the Titles Office requirements have been satisfied.


    You will need to provide:


    Category 1: 

    Passport and Driver’s License and present the originals of these at our office and we will photograph them and you.


    Category 2:

    FULL Birth Certificate, Change of Name Certificate (if your current name differs from your birth certificate — i.e., marriage certificate), Driver’s License and Medicare Card. You will need to present the originals of these at our office and we will photograph them and you.

  • Deposit Release

    Real estate agents often request their clients to arrange for the early release of deposit monies so that they are paid their commission before settlement. You may also need the money to pay a deposit on your new house.


    Under Section 27 of the Sale of Land Act, a seller can request the early release of deposit monies before settlement if:

    • They give the buyer information about any mortgages and caveats on the property. Any debts secured against the property cannot exceed 80 percent of the sale price. This information must be obtained on the lender’s letterhead. The purpose of this is to ascertain that there will be enough money at settlement to pay out the lender. Your loan cannot be in arrears
    • There are no unfulfilled special conditions (to the buyers benefit) on the contract

    After the Section 27 Statement is sent to the buyer’s representative the buyer can either:

    • Ignore the request and the conveyancer will request that the deposit is released after the expiry of the 28 day period
    • Accept the details and consent to the release
    • Reject the release (on the grounds that there are insufficient funds left to cover the debt at settlement or that special conditions are yet to be satisfied)
  • Adjustment of Rates and Taxes

    The buyer’s representative must find out what rates, taxes and other outgoings are attached to the property. The buyer’s representative calculates the adjustments from the settlement date and sends their calculations to the seller for verification. The buyer will also calculate the amount required at settlement less the deposit, plus or minus adjustments.

Call Amity Conveyancing Today 

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