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Property Sale Conveyancing Process

Property sale process is briefly explained below & you can Calculate your Conveyancing Costs in Seconds below.

 

NSW Law requires that a property owner or estate agent can place a property on the market but they must have a contract of sale prepared which is provided to a prospective purchaser.

 

1. CONTRACT PREPARATION

YOUR TO-DOs

  • CONTACT US
    Please call us OR get a Property Sale Conveyancing Quote and accept it so we can commence contract preparation.

  • PROVIDE PROPERTY INFORMATION
    We will ask you for relevant information regarding the property & you. This information is required for contract preparation.

  • SELECT REAL ESTATE AGENT OR IF YOU'RE NOT USING AN AGENT - DISCUSS IT WITH US
    Please provide your sale agent's details to us or if you're not going to use a sales agent then discuss the matter with us. We often assist clients to sell property without sales agent.

OUR TO-DOs

  • CONTRACT PREPARATION
    We start contract preparation immediately upon your confirmation & acceptance of our quote. This includes ordering all necessary paperwork/searches.

  • CONTRACT CONDITIONS
    We will discuss contract conditions with you & insert any special conditions that you require into the contract. 

  • ISSUE CONTRACT
    When we have all the necessary paperwork/searches from various governing departments such as the local council, we'll forward the contract to you for final approval & then to your agent. 

 

2. CONTRACT SIGNING & EXCHANGE

YOUR TO-DOs

  • SIGN THE CONTRACT
    You can either sign the contract with your real estate agent or sign a final copy of the contract that we've sent to you already.

OUR TO-DOs

  • GET YOU TO SIGN THE CONTRACT
    When price & other negotiations are finalised, we get the contract ready for you to sign.

  • CONTRACT EXCHANGE
    We exchange the contract if required. Contract are usually exchanged by real estate agents or seller's conveyancer.


Once seller & buyer have both agreed on a price and the conditions of the sale the contract is signed by all parties involved. Then the contracts are exchanged usually by the real estate agent or seller's Conveyancer.

 

 

3. PRE-SETTLEMENT

YOUR TO-DOs

  • DISCHARGE OF MORTGAGE
    Our process is designed to remind you of this & assist you in discharging (completing formalities of) mortgage on the property being sold.

  • VACATE THE PROPERTY (If you live in it)

OUR TO-DOs

  • ORGANISE DISCHARGE OF MORTGAGE
    We contact your bank and complete & organise the discharge of mortgage.

  • ORGANISE FOR YOU TO SIGN REQUIRED DOCUMENTS
    We'll organise for you to sign any required documents such as Transfer.

 

4. SETTLEMENT

YOUR TO-DOs

  • DISCONNECT UTILITIES
    Disconnect utilities such as gas, electricity, phone etc.

  • SIT BACK & RELAX
    We'll look after the settlement so you can sit back & relax.

  • RECEIVE MONEY FROM THE SALE
    You will usually receive proceeds or the money from the sale of the property (if applicable) the day after settlement (some exceptions may apply where it may take slightly longer).

OUR TO-DOs

  • NOTIFY LOCAL COUNCIL, WATER & STRATA (strata properties)
    We will formally inform the local council, water authority & strata manager (for strata properties) of the change in ownership of this property.

  • SETTLEMENT
    We'll organise and complete settlement for you. At Settlement is when as Seller's Conveyancer, we provide relevant property documentation and the Purchaser's Conveyancer provides the remainder of sale price (the purchaser usually pays a deposit upfront or during cooling off period).

  • INFORM THE AGENT FORMALLY
    This is so the agent can release any deposit that they are holding (minus their fees & charges).


This is a generic process & is not legal advice. Please discuss your specific situation with us.

 

Selling Property in NSW

You don't have to visit our office usually. That is why we complete hundreds of matters successfully every year from across NSW.

 

SELLING PROPERTY AT AUCTION

IMPORTANT FACTS & TO-DOs

  • There will be no cooling off period for the potential bidders.

  • Bidders or interested purchasers will want to complete their due diligence before attending auction.

  • Bidder's due diligence often includes property inspections, finance approval, contract review & amendments before attending auction.

  • We suggest that you be prepared in advance for this phase whereby we (you as the seller & us as your Conveyancers) encourage all potential purchasers and/or bidders by promptly assisting them get ready for auction. This could mean keeping your property available for inspections, evaluations if required.

  • We liaise with buyer's Conveyancers & answer their queries promptly. Your approval of the potential changes to contract & other queries that the potential purchasers might have is essential. We thus suggest that you keep yourself available so all purchaser queries are responded to before auction.

  • We strongly suggest that you get thorough professional advice prior to selling property at auction. Timely and professional advice from Sydney Conveyancing can assist you with making the most of selling your property at auction.

 

 

Calculate your Conveyancing Fees in Seconds >

 

 

GUARANTEED FIXED PROFESSIONAL FEES

Fixed professional fees & fully detailed costs upfront means that our clients are never surprised.

EXPERIENCE & EXPERTISE THAT YOU DESERVE

A Licensed Conveyancer handles your matter, assisted by an experienced matter owner to complete your matter timely & safely.

YOU DON'T HAVE TO VISIT OUR OFFICE USUALLY

Our processes reduce the need for you to travel to our office usually. Vast majority of our clients never visit our office.

 

Selling your property via Estate Agent

MUST KNOW FACTS & TO-DOs

  • Finding a good real estate agent is key to the property of your property sale.

  • Our process guides us through working closely with your Estate Agent to get the contract ready ASAP so the Estate Agent can start marketing the property. NSW Law requires that a contract of sale must be ready & be provided to potential purchasers.

  • Potential purchasers will want to complete their due diligence often includes property inspections, finance approval, contract review & amendments before attending the cooling off period ends. Some will even want to complete property inspections & negotiations of the contract prior to signing the contract. 

  • We thus suggest that you be prepared in advance for this phase whereby we (you as the seller & us as your Conveyancers) encourage all potential purchasers by promptly assisting them get ready to sign the contract and complete their due diligence within the cooling off period. This could mean keeping your property available for property evaluations &  building / pest / strata (for strata properties) inspections.

  • We thus suggest that you keep yourself available so all purchaser queries are responded to before the cooling off period ends and in many cases before the purchaser enters the contract. We liaise with buyer's Conveyancers & their queries promptly. Your approval of the potential changes to contract & other queries that the potential purchasers might have is essential. 

 

 

Calculate your Conveyancing Fees in Seconds >

 

 

EVERY CONTRACT READIED ASAP & URGENT CONTRACTS CAN BE ORGANISED

If you must have the contract ready urgently, please let us know so we can order searches URGENTLY. Please note that some authorities such as local councils will charge extra for urgent searches & we pass these charges onto you at cost.

PROPERTY MARKETING CAN BE DONE ONLY WHEN CONTRACT OF SALE IS READY

A property seller and/or estate agent can only start marketing the property or place a property on the market (as per NSW Law) when a contract of sale has been prepared which is provided to all prospective purchases.

ARE YOU PREPARED TO HELP PURCHASERS COMPLETE THEIR DUE DILIGENCE?

Most purchasers will have your property inspected & often their banks will evaluate the property before their Mortgage is approved. We suggest that you remain available to assist purchasers complete their due diligence

 

Selling property without Estate Agent

MUST KNOW FACTS & TO-DOs

  • We assist clients with their property sale without Estate Agent everyday.

  • Our process guides us through working closely with you to get the Contract ready ASAP you can start marketing your property. NSW Law requires that a contract of sale must be ready & be provided to potential purchasers.

  • Potential purchasers will want to complete their due diligence that often includes property inspections, finance approval, contract review & amendments before the cooling off period ends (if applicable). Some will even want to complete property inspections & negotiations of the contract prior to signing the contract especially if there is no cooling off period applicable. 

  • We thus suggest that you be prepared in advance for this phase whereby we (you as the seller & us as your Conveyancers) encourage all potential purchasers by promptly assisting them get ready to sign the contract and complete their due diligence within the cooling off period. This could mean keeping your property available for property evaluations &  building / pest / strata (for strata properties) inspections.

  • We thus suggest that you keep yourself available so all purchaser queries are responded to before the cooling off period ends and in many cases before the purchaser enters the contract. We liaise with buyer's Conveyancers & their queries promptly. Your approval of the potential changes to contract & other queries that the potential purchasers might have is essential. 

 

 

Calculate your Conveyancing Fees in Seconds >

 

 

 

 

Fixed professional Fees mean no surprises

We disclose all fees & charges upfront

Calculate your Property Sale Conveyancing costs in seconds

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