There are several steps involved in selling your home:
- LEGAL DOCUMENTATION – Before a Real Estate Agent can show your home to a potential purchase they are legally required to have a Contract for Sale of Land. The contract will include not only the legal terms and conditions of sale, but will also specify what items are included or excluded from the sale, and any other special requirements you might have like a longer or shorter settlement than usual. There are a lot of ways that a contract can be varied, so it’s important to discuss your situation in detail with us. There are certain issues that are legally required to be disclosed and not doing so can create problems with the sale of your home.
- PREPARING PROPERTY FOR SALE – With our extensive conveyancing experience we know that whilst the legal documentation is essential to complete the transaction it is not the legal documentation that makes a property saleable. Just like when you purchased the property, there will be certain aspects that attract purchasers. We can, together with your Real Estate Agent, assist you with preparing your property for sale, whether it be de-cluttering by recommending storage solutions to you, sprucing up your home with decorating tips and making your home an even more welcoming environment for potential purchasers. We are there to expain this to you andminimise any concerns you might have.
- EXCHANGE OF CONTRACTS – Once a purchaser has been found and the contract has been signed and is legally binding, then a deposit is usually paid by the purchaser and is usually held in the trust account of the selling agent. Your rights will differ under private treaty and auction conditions and it is important to be aware of these.
- SETTLEMENT – This is the day that the money is exchanged for the property and keys handed over. It is scheduled in accordance with the contract, and is usually 6 weeks after signing contracts. During the wait for settlement we will liaise with your bank in relation to releasing any mortgage held on the property. In this time you should arrange disconnection of electricity and other services. Before settlement the purchase price will be adjusted to reflect the council rates, water rates and strata fees that need to be shared between the parties. There may be other adjustments, based on the Contract for Sale. We guarantee that any sale proceeds received on settlement (excluding those held by the Real Estate Agent on deposit) are banked on the day of settlement into your nominated account.