Selling a Property

Selling a Property

Selling a property involves strategic marketing, negotiations, and legal intricacies. Sellers navigate the real estate landscape, aiming to secure the best deal. The process culminates in the transfer of ownership, marking a successful transition.

We can assist builders with the following types of disputes

“Selling a property is a multifaceted journey that involves careful strategy and negotiation. From showcasing the property’s unique features to navigating legal intricacies, sellers work diligently to secure favorable deals. The culmination of this process is the successful transfer of ownership, marking a pivotal moment in the seller’s real estate venture.”

The selling process is made up of the following steps:

  • Agreeing to a sale price and the contract for sale
  • Exchange of contracts
  • Before settlement preparation and procedures
  • Day of settlement exchange of documents and funds
  • Post settlement procedures and notifications

Our Process

1. Meet with us

Appoint a real estate agent and check with your mortgagee for a loan payout and advise them that you are considering selling. If you do not have a mortgage, locate your Certificate of Title as it is required for settlement. Contact us so we can prepare the contract for sale. Work with your agent to market the property and find a buyer.

2. Preparing the Contract for Sale

Prospective purchasers will contact your real estate agent who will help you negotiate on price and special conditions. You will need to allow access to the property for the purchaser to conduct valuations and pest and building inspections. The final contract will be the one that is signed by each party and exchanged. Identical copies of the contracts are signed and dated by you and the purchaser and physically exchanged. The purchaser will pay a 10% deposit or balance of the holding deposit already paid to the agent if applicable. It is at this time that the contract becomes binding.

3. Exchange the Contract

Advise your mortgagee on the sale so that they can start preparing discharge documents to be available at settlement. Plan to vacate the property and take all of your personal items away before the settlement date. Make arrangements at least 2 weeks before settlement regarding utility disconnections (telephone, gas, electricity, water, internet and pay tv etc.

4. Preparing for Settlement

Ensure you can be contacted easily for any last minute questions we may have. Once the settlement has occurred we will contact you to confirm it has been finalised.

5. Settlement

Review our final letter of advice and confirmation of settlement. We will notify relevant organisations (such as the Council) that you are no longer the owner of the property.

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