Terminate unconditional contract

I signed an unconditional offer on Saturday. The agent advised me that the owner accepted it. However, I have not seen the signed contract and I have not paid deposit. After doing further research, I found that this property is not what I want. Can I still terminate the contract with a written notice to the agent without getting penalty? Thanks

 

'unconditional offer' - I take it that this is purely an offer, you're yet to receive the contract or get legal advice on the contract nor signed a S66W certificate.

So you may be free to withdraw or at worst use the cooling off to recind the contract.

 

WHAT exactly did you sign ???
A handwritten OFFER (that you signed) ???
The agents letter of offer ???
Email offer to agent ???

Have you received written acceptance (email)?

Still a chance you could email a formal withdrawal of offer, due to not being supplied a contract to sign ......

 

How did you sign it if you did not see it?

Seek legal advice asap as there may be a cooling off period.

 

I signed the contract and the cooling period was waived. I have not received the counter signed contract and have not paid the deposit. The property is in Tasmania.

 

Not being familiar with Tasmanian contracts, does the waiver require solicitor's advice prior to signing like NSW?

 

@Freedom Seeker - There is no cooling off period in Tasmania if you have signed a contract - Linky

Extract:

"
'Cooling off periods'
Be sure the property you are buying is what you want. ‘Cooling off’ periods for residential property sales are not recognised in Tasmanian legislation. Also, there is no legal obligation for a purchaser to disclose defects in the quality of the property for sale. This is known as vendor disclosure. Asking the right questions could save you money and trouble. “Buyer beware” is the position you should take."

 

You probably do have a verbal contract, but any contract is very difficult to prove or enforce if it hasn't been put on paper.

 

An oral contract relating to land is unenforceable in most states probably including tas

 

I emailed the agent to withdraw the offer. However, she sent me the counter signed contract after that and informed me that I can not withdraw. Does that mean I can't get out of it?

 

You should probably get some proper legal advice and assistance on this asap.

 

Wheres your solicitor in all of this?

 

I am not privy to the details so have no idea. Aren't you getting legal advice on this?