Archive for Category: selling your home

Selling Your Home Without An Agent

Private sale If you choose to sell your property yourself rather than appoint an agent, you may save money as you won’t pay any agent’s commission. Inspect comparable properties, obtain sales figures for comparable properties in your area and find statistics on recent property sales in your area. You...

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Selling a home is a complex procedure

Step 1: Prior to listing your property for sale Select an agent sign an agency agreement with your agent. Arrange the searches, form 1′s and a contract for sale through your solicitor or conveyance. Step 2: Listing your property for sale. The agent receives a copy of your searches, form 1′s...

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Settlement

Prior to settlement, both you and the buyer should retain a conveyancer or solicitor to arrange settlement. A conveyancer will provide advice in respect to your rights and responsibilities under the contract and Form 1, prepare the Memorandum of Transfer, calculate the Adjustment of Rates and Taxes, prepare Settlement...

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The Contract

A binding contract does not exist until you have formally accepted a written offer and the contract has been signed by both parties. The contract outlines the terms and conditions of the sale and contains provision for: The name and address of the vendor The name and address of...

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Vendor’s Responsibility – Form 1

The buyer must be provided with a vendor’s statement (Form 1) which gives important information such as mortgages on the property, zoning, rates and charges and anything that will limit how the buyer can use or renovate the property. (These may be called easements, caveats, covenants or encumbrances). If...

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​Open Inspections

Advertising will advise prospective buyers of the times your property is open for inspection. This will generally be for 30 to 45 minutes once or twice a week. Buyers may wish to arrange an alternative inspection appointment, through your agent, if you have one. You may be asked by...

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Selling Your Home: Method of Sale

There are two ways you can sell your home: Private Treaty or Auction Selling by private treaty This is the most common method of sale in Australia. In essence, your home is advertised at a price or in a price range and buyers are invited to submit offers. This method generally takes...

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Sales Agency Agreements

If you decide to engage an agent, there must be a signed written agreement (a sales agency agreement) between you and the agent. The agent must give you a guide explaining your rights and obligations under the agreement (Form R1). The sales agency agreement must specify: How the property...

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Choosing an Agent

Choosing the right real estate agent to negotiate on your behalf is essential. You should obtain advice from at least three agents. Don’t be seduced by a high price estimate. The agent must provide you with recent sales statistics for comparable properties in your area to show how they...

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Role of an Agent

When you engage or list with an agent you are employing them to help you to sell your property. The agent should always act in your best interests and engage in good business practices. You can generally expect the agent to: Give an estimated selling price for your property...

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