Selling Property

If you are a vendor wishing to sell your property, it is normally a legal requirement to prepare a contract for the sale. The contract will amongst other things, detail the property description, any improvements on the land, the price and the terms and conditions under when it is being sold. In most cases it will also be necessary to attach various documents to the contract – for example a copy of the Title.

In the case of residential real estate, it is a legal requirement to have a contract in place prior to it being advertised for sale by any real estate agent.

Prior to any contract being prepared, Conveyancing Services prefer to personally discuss the matter with our clients so that we can understand exactly what you are selling and under what conditions, that way we can better protect your interests. For example the following questions arise;
• What type of property is being sold?
• Are there any GST implications?
• Is the property being sold with vacant possession, or is it subject to a tenancy?
• Are there any Land tax implications?
• Has there been any recent building work?
• Are you buying elsewhere?
• What Inclusions are to be sold with the property?
• Is there a mortgage?
• Is the title Old System or Torrens?

Following a buyer being found for your property, contracts are signed and exchanged with the buyer and the conveyancing process commences. At the conclusion of this process is an activity called “settlement” whereby title is passed and the purchase funds are received from the purchaser.

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