You've decided to sell your home…
- Decide on which Real Estate Agent you will use.
Gather any papers you have relating to your home before ringing your solicitor,
including: Council rate notices, building inspection certificates, Certificate of Title (Deed), Survey Reports and any other documentation you have at hand relating to your purchase and ownership of the
property.
Ring your solicitor and provide them with details of the Real Estate Agent, conditions of sale and information about you and your property.
Your solicitor will order
any searches and certificates which are required, as well as prepare your Contract for Sale of Land. The contract will be forwarded to your nominated Real Estate Agent. Your solicitor will also negotiate details with any purchasers' solicitor. Please be aware that your property, including any improvements,
usually must be inspected and approved by your Local Council before the matter will settle.
Once your contract has been prepared and sent to the real estate agent, your solicitor will send you a letter confirming that the contract has been issued.
Wait for a buyer!!!
Once a purchaser has been found, negotiations will determine the final price of your property and detail any "inclusions" (dishwashers, tv aerials etc) which are to be part of the sale.
Contracts will be exchanged pending settlement, the time of which will be determined by many
factors, including the availability of finance approval for the purchasers, preferred dates for both you and the purchaser to move house etc.
"Settlement"
of your matter is the meeting which takes place between representatives of all parties concerned (solicitors, lenders and any other involved party). You're not normally required to attend the settlement. All documents are comprehensively checked and handed over. All cheques will be handed over. Once your solicitor has received the cheques from settlement (usually the next working day), they will be ready for you to collect or your solicitor may offer to deposit the proceeds directly to your nominated bank account. Many lending institutions charge a fee for attending settlements.
(Please note: Electronic funds transfers are not permissable in settlements as each party to the settlement must physically receive or hand over and check each item).
Download our Conveyancing Brochure in Adobe Acrobat format for more information about purchasing, including
"Cooling Off" and a glossary of other conveyancing terms. |
