Selling Property in NSW
The process of selling a property can be both time consuming and emotional, especially if this is your first home. To ensure you achieve a stress-free and seamless sale, as well as a good real estate agent (if you are engaging one) we recommend partnering with our highly experienced and certified conveyancers to ensure the best outcome for your needs.
If you are considering selling your property or subdividing and would like advice on the process, then look no further. Below is a summary of the key steps involved, in which our expert conveyancers can further guide you through the entire process.
The NSW Property Sales Process
Choose an agent, set your price and agree on a method of sale.
You don’t have to engage a real estate agent in the sale of your property, however the majority of vendors do, for the benefits of marketing and finding a buyer. Sale methods include auction or private treaty.
Prepare Contract for Sale and Purchase of Land.
The Listing Contract, prepared by your Cornerstone Conveyancer outlines everything a purchaser needs to know before purchasing the property including title information, easements, covenants, restrictions on use and council zoning.
Market and sell your property
Once the Listing Contract has been finalised, your property can be listed for sale. Once you’ve accepted an offer on your property your Cornerstone Conveyancer will negotiate the details of the Contract ahead of exchange.
Property Settlement
Your dedicated Cornerstone Conveyancer then takes ownership of the settlement process, ensuring settlement transactions are finalised including discharging any mortgage, transfer of title and disbursement of settlement proceeds.
What are the costs involved when selling a property?
Costs can differ based on the method of sale and your financial position. A summary of the most common costs that may apply include:
- Real estate agent fees and commission (if applicable)
- Discharge of mortgage
- Rates and taxes after the settlement
- Moving costs
- Conveyancer fees
What other information do I need to know?
All vendors need to have current verification of identity documents available as we have to do their Verification of Identity (VOI) check at the outset of each matter
If you have a swimming pool on your property, you will need to ensure it is registered on the NSW Swimming Pool Register prior to sale, together with a Certificate of Compliance or Non-Compliance.
For further information and guidance on selling your property book a consultation with Cornerstone Conveyancing Services today. For further reading on property sales visit NSW Fair Trading.
Connect with our experienced Conveyancing Team
If you require assistance with the sale of your property and are looking for guidance and support from an expert in the field, get in contact with Lyn, Therese and the team today. Contact us or give us a call on (02) 6699 3522 to schedule your consultation. We look forward to hearing from you.