LOOKING TO SELL?
Here's how we can help you in preparing for sale...
We handle the legal side so you can focus on your next move! Check out our tips and FAQs for getting started below - if you have any questions or need some more guidance, don't hesitate to get in touch via our web chat, email, or give us a call..
PREPARING FOR SALE
Get started with us right away:
Ideally, you should engage a conveyancer before your property is listed. We can prepare your Form 2 (Seller’s Disclosure Statement) and ensure everything is ready for contract signing. Note: often the Form 2 will need to be prepared before your property may be listed.
Seller’s Disclosure Statement - Be Transparent:
It’s important to disclose any known issues with your property upfront. This protects you and reduces the risk of disputes or issues later.
Keep records and documents handy:
Having copies of relevant documents available will speed up the process of creating the Form 2 and assist with the sale of your property. These include: council rates notices, water notices, Body Corporate records or levy statements (if applicable), and any relevant building approvals or renovation paperwork.
Existing Mortgage Discharge:
This is an important one! If you have an existing mortgage, you will need to complete a Discharge Authority with the bank and request a ‘payout figure’. Settlement won’t be able to take place without the relevant paperwork being submitted.
FAQS - SELLERS
CAN I BUY AND SELL AT THE SAME TIME?
Yes! If you're looking to buy and sell at the same time - especially if it's regarding the house you currently live in and one you plan to move in to - it's important to let us know early so that we can ensure your contract deadlines line up.
It's important to note that if you're planning a contemporaneous settlement (where both contracts settle at the same time and funds from the sale are used to fund the purchase), you won't have access to the property you're purchasing until settlement is complete, at which time you will also have to have fully vacated the property you're selling. This may impact your plans for removalists/storage etc. If you're concerned or need to make requests for early access, give us a call so we can discuss any options.
WHAT DO I NEED TO DO BETWEEN CONTACT SIGNING AND SETTLEMENT?
Generally speaking, not much - you can leave it to us. The key thing from your end is to make sure that all discharge paperwork has been submitted for any existing mortgage.
Beyond that, we need you to be contactable in case the Buyer makes any requests or wants to negotiate regarding conditions (e.g. Finance or Building & Pest Conditions).
WILL I NEED TO PAY ANYTHING BEFORE SETTLEMENT?
You won't need to pay our fees prior to settlement, but there may be some costs for bills that may be due during the period between contract and settlement (e.g. rates, water, body corporate levies). We recommend paying these prior to their due date to avoid additional fees, but be sure to update us as you do we can adjust for them at settlement! If in doubt, give us a call!
