Conveyancing



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Selling a Property

Discuss your property with a few real estate agents so that you may get a range of opinions concerning its value. A contract for sale with certain documents must be made available for prospective purchasers.

The Process

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 cheques;
  • Post settlement procedures and notifications;

We can Help

One Law have a team of expert property lawyers who can help guide you through the legal process to sell your home or other property.

It’s important to get legal advice as soon as you can so that you are you are provided with all the information you need to ensure that the sale takes place smoothly.

The steps below explain how we can help you.

We make it simple

Our property law team is here to help. We would love to hear from you. You can get in touch with one of our lawyers by completing the online enquiry form below or by calling us on free call 1800 ONE LAW (663 529).

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

Exchanging the contract of sale

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

Make sure you have completely removed your belongings and left the property prior to the time of settlement. Ensure the property is left in a reasonable condition. During settlement we will give to the purchaser's representatives the Certificate of Title, Transfer document and a Discharge of Mortgage (if applicable) in exchange for bank cheque/s for the sale price. Ensure you can be contacted easily for any last minute questions we may have and wait for us to contact you to confirm that settlement has occurred.

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.

Do you need to speak to a lawyer?

Call us on our free advice line or leave your details and we'll call you back.


Phone

1800 663 529