Selling a property is a very significant financial decision and at Compare Conveyancing Sydney we are committed to supporting you at each step of a plausible sale. The detailed conveyancing process that is critical for supporting your property selling needs is described below, and our in-depth understanding and experience with the same makes Compare Conveyancing Sydney a one-stop shop for all conveyancing needs of our clients.
Drafting the contract – Before you put your property on the open retail market, it is important to draft the corresponding contract as it would apply to your property. This contract contains all details for the sale of the land and our experience and competent professionals at Compare Conveyancing Sydney are well prepared to handle this contract on your behalf. We ensure that we annex the required documentation along with your contract and send the same across for review to your agent at the earliest.
Typical details included in the contract include but are not limited to the following –information of all inclusions that are being sold along with the given property, information around settlement period (42 days), complete description of all mortgages, restrictions etc that are in effect based on property title search, zoning information – residential vs commercial including area density information, main sewer related drainage diagram.
Agency Agreement Phase –In order to enable your agent to sell your property at an auction or mention it in a private treaty. You should shop around for the best possible sales agent based on their past track record as well as do a survey of the anticipated cost of your property when compared to other similarly situated properties this would help increase your chances of identifying the customers. At Compare Conveyancing Sydney, we have professionals who can also help you find the right agent based on positive feedback received by our other clients.
Offer and Acceptance –Every prospective buyer will now have access to your contract of sale of land and the agent is required to inform the Compare Conveyancing Sydney office immediately so that we can start working on the exchange of contracts.
Contract Exchange period – Once we have received the contract and reviewed and approved the same your agent ca exchange it with the given purchaser. Post the signature your agent would forward the signed contract to Compare Conveyancing Sydney so that we can verify that everything is in order and ensure that the rest of the process is a smooth ride for you.
Cooling off period – This is a 5-day period where the purchaser decides whether he wants to move forward with the purchase decisions or not. If the purchaser is not able to secure the property at the end of 5 days due to financial constraints and other reasons then you should still receive the 10% deposit amount in lieu of holding off your property until the cool off period.