Selling a Property - Easy 6 Step Guide

March 2, 2024

Step 1


The first step to selling a property is finding a suitable and reputable agent with expertise in the area the property is located. You will then need to sign an agency agreement with the agent.



Step 2

The next step is to contact our office and advise us you are selling your property. We will provide you with an instruction sheet to complete and some items to attend to. Once we receive your completed instruction sheet, we will then draft the contract and issue it to the agent.



Step 3

The agent will arrange the advertising and inspections of the property. We will negotiate with potential buyers on your behalf, and obtain your instructions where required. Once you accept an offer from a purchaser, either the agent or our office will arrange for contracts to be signed and dated i.e. exchanged.



Step 4

Once contracts are exchanged, we will provide you with documents to sign, certify your identity documents, and provide you with a summary letter outlining the important dates and information. We will also liaise with your mortgagee in preparation for settlement.



Step 5

Prior to the settlement date, we will provide you with settlement figures for your approval, outlining adjustments for rates, and the amount due to you on settlement. We will also provide you with a copy of our invoice, which will be factored into the settlement figures for payment on settlement.



Step 6

Settlement will take place electronically on PEXA. Once settlement has been completed, we will inform you and the agent so they can release the keys to the purchaser and transfer you the deposit (less any commission and marketing fees owing). We will also provide with another summary letter with all the relevant paperwork you will require for future reference. 

What is Mortage β€” Conveii in Figtree, NSW
March 2, 2024
A mortgage is a loan provided by a lender (usually a bank) with the title to a property or several properties held as security for repayment of the loan on the conditions set out in the loan documents. Mortgages are subj...
What is Loan To Value Ratio β€” Conveii in Figtree, NSW
March 2, 2024
Loan to Value Ratio (LVR) is the ratio of the loan amount compared to the property's value. The LVR will affect your interest rate and borrowing capacity. For example, if you are purchasing a property for $1,000,000 and ...
Property Exchange Australia β€” Conveii in Figtree, NSW
March 2, 2024
PEXA stands for ‘Property Exchange Australia’. It is an electronic platform used by legal practitioners to complete settlement of conveyancing matters and lodge documents for registration with the land titles office. PEX...
Stamp Duty β€” Conveii in Figtree, NSW
March 2, 2024
Stamp duty is a government tax collected by NSW Revenue, generally imposed on purchasers of property. The stamp duty amount depends on various factors including but not limited to the purchase price, contract date and re...
Share by: