Private Contracts

Private Contracts

Private contracts for the sale and purchase of land in South Australia are legally binding agreements entered into between the buyer and seller of a property without the involvement of a real estate agent.

These contracts outline the terms and conditions of the sale, including the purchase price, deposit amount, settlement date, and any special conditions or contingencies. Private contracts offer flexibility and allow for negotiation between the parties involved.

It is crucial for both the buyer and seller to seek legal advice and conduct due diligence before entering into a private contract to ensure all legal obligations and rights are properly addressed.

Once signed, private contracts for the sale and purchase of land are enforceable, and the parties are bound by their respective obligations until settlement is completed.