Selling your property can be a stressful process. A Certus Conveyancing expert conveyancing lawyer will help make the conveyancing process as easy as possible so that you can relax and enjoy the process as much as possible. We know how conveyancing works.
The real estate agent usually drafts the contract and if you have appointed your conveyancing lawyer, then they should also check the contract before you sign. You need to advise your mortgagee (if you have one) that you are selling your property and that a contract has been signed. By this stage, if you haven’t already, you should also appoint your conveyancing lawyer. If the buyer is entitled to carry out a building and pest inspection, you will need to allow the buyer to carry out the inspection (typically through the agent) which is usually done by a building and pest inspector appointed by the buyer.
If you are selling a unit you will need to provide disclosure of various other information about the unit and the complex in the contract of sale. Usually the Body Corporate will provide this information upon payment of a fee and this will be either handled by your real estate agent or your conveyancing lawyer.
Once all conditions in the contract are satisfied such as the buyer’s finance and building and pest conditions, the contract becomes unconditional. At this stage, you need to ensure your mortgagee is preparing for settlement. You should also be making arrangements for moving out of the property unless you have made prior written arrangements with the buyer. Ready to look at our prices?
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In the period prior to settlement, you will need to:
You will need to ensure that you are ready to vacate the property and that all of your personal possessions (that are not included in the sale) have been removed. The property will need to be left in a clean and tidy condition. You will need to either provide the keys to the property to your lawyer to hand over at settlement or arrange for the agent to provide the keys to the buyer after settlement.
Your conveyancing lawyer will attend settlement on your behalf and ensure that in return for payment of the balance purchase price, the documents necessary to transfer the title to the buyer are exchanged. In addition your outgoing mortgagee will also attend and provide a formal release of the mortgage in exchange for the payout figure on your loan. Following settlement, the real estate agent will be authorised to release the deposit to you (less any commission owing to the agent) and to release the keys to the property to the buyer. You should also contact your insurance provider and cancel any insurance on the property. Speak to Certus today
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