Steps to Selling Your Property
Selling a property can be a complex procedure. Whether it’s your first time, or you’re an experienced seller, it’s very easy to forget things and to feel overwhelmed.
While you should always feel comfortable asking questions, the following ‘event roadmap’ might help keep you on track.
STEP 1 PRIOR TO LISTING
- Select an agent
- Decide on a method of sale and a desired list price
- Agree on an appropriate marketing/advertising campaign
- Sign a listing agreement with your agent (Form 22a)
STEP 2 PRESENTING YOUR PROPERTY
- Prepare your house for photography and buyer inspections
- Agent prepares marketing campaign and advertising materials
- Agent conducts buyer inspections
- Agent monitors buyer feedback and informs the vendor
- Agent negotiates a sale price to your satisfaction
STEP 3 ACCEPTING THE OFFER
- Agree on the price offered by the buyer
- Sign a Contract of Sale
- Cooling off period begins
- Contact Solicitor/Financial institution for transfer of property
- Cooling off period ends
- Contract goes unconditional and balance of deposit is due
STEP 3 SETTLEMENT
- Settlement period begins
- Settlement occurs on the set date and commissions and fees are paid
- Property is handed over to new owners