After selling a property in Victoria, your primary liabilities relate to disclosure and warranties provided to the buyer. As of December 2025, sellers are legally obligated to disclose any known material facts about the property that could affect its value or enjoyment.
Currently in Melbourne, the standard contract of sale includes several warranties regarding the property’s condition – things like working appliances, plumbing, and electrical systems. While a building inspection is typically undertaken by the buyer, you, as the seller, remain responsible for the accuracy of your disclosures. In the Eastern Suburbs, where properties often undergo renovations, it’s particularly important to disclose any past works, even if they were completed some time ago. Failure to disclose known issues could lead to legal action post-sale. Common claims relate to undisclosed building defects or issues with permits. Preparing for sale in 2026 often involves obtaining reports upfront – building, pest, and potentially a strata report if applicable – to proactively address potential concerns. Fletchers’ experience shows that transparency builds trust and reduces the risk of future disputes. Agent commission, typically 1.5-2.5% in Melbourne suburbs, doesn’t cover potential liability from non-disclosure.
Understanding your disclosure obligations and ensuring accurate representation of your property’s condition is crucial for a smooth and legally sound sale.