A contract is a legally binding document.
Generally you cannot simply change your mind once a contract is signed unless there are special conditions. Before signing any contract, such as when you are purchasing or selling property, the first step before putting pen to paper over the dotted line is to consult a lawyer.
If after signing you discover you can no longer meet the conditions of the contract, you should seek legal advice as soon as possible.
Unfortunately far too many people enter into legally binding contracts without obtaining legal advice. They do not realize that they are risking their savings by failing to get efficient property legal advice from the beginning. Approaching a lawyer for legal advice before signing any documentation is the best way to ensure that your interests are protected, now and in the future.
One of the advantages of engaging an experienced lawyer is that they are qualified to advise on all aspects of the law which may need to be dealt with as part of the overall transaction – for example making a will, setting up a trust and taxation implications.
Should things go wrong, involving a lawyer at the outset means that the right action can be taken quickly to avoid incurring legal liability and to ensure that the matter does not proceed to litigation unless absolutely necessary.