1. Before listing your property for sale
- When selling your property in New South Wales you are required by law to provide any prospective buyer with a copy of the proposed contract with the prescribed disclosure documents attached. So before listing your property for sale you will need to arrange for AMS Conveyancing NSW to prepare the contract and obtain the disclosure documents. This can take some time as some of the documents need to be ordered from the local council and other government bodies. So it is best to get this underway ASAP.
- Check with your bank to make sure that the amount you are to receive will be sufficient to clear the mortgage in full. This is particularly important if you have more than one loan or there is more than one property securing your loans. You should also be careful that there are no early repayment penalties e.g. if your loan has a fixed rate. You will also need to sign any documents required by the bank to release the mortgage.
- If your property is rented you will need to ensure the correct notice is given to the tenants. You will also need to make sure that you will be able to terminate the tenancy if you are selling the property untenanted.
- Research the listing price of other similar properties in your area. There is a huge amount of information available on line to help with this job. The number one real estate sales website in Australia is realestate.com.au, while www.domain.com.auand www.allhomes.com.au is also popular, particularly in the southern states. As well as this, www.rpdata.com.au has great reports available covering information on individual properties as well as reports covering particular areas.
- Consider having your property valued by a registered valuer they are independent and will make sure you are not being talked into selling your property too cheaply or on the other hand pricing your property out of the market by listing at too high a price.
- Speak to several agents in your area to compare costs and recommended marketing strategies. Before you sign a listing agreement we’re more than happy to look over it for you for free. We will explain the terms of the agreement and make sure there are no traps.
2. After you negotiate the sale
- The agent will send copies of the sales notice to AMS Conveyancing NSW and the buyer’s conveyancer to get things underway.
- AMS Conveyancing NSW will complete the contract and arrange you to sign, we will also send another copy to the buyer’s conveyancer so that they can have it signed by the buyer. After the contracts are signed, both conveyancers will arrange for the contracts to be exchanged. This makes the deal binding. AMS Conveyancing NSW will then carry out the required procedures and guide you through what is required to take the matter to completion (Settlement) smoothly.
Please contact AMS Conveyancing NSW for more information.
The information and opinions contained in this website are for general information only and are not intended to constitute legal or other professional advice, and should not be relied on or treated as a substitute for specific advice relevant to your particular circumstances. AMS Conveyancing NSW will not be responsible for any loss that may arise from reliance on materials contained in this website and we make no warranty or representations regarding the quality, accuracy, or fitness for purpose of any material on any websites referred to in this website.
