PROPERTY CONVEYANCING IN FORSTER
SELLING A PROPERTY
Selling a property can be a stressful process.
However, having a credible and efficient conveyancer – who can take care of the process from start to finish – can help you put your mind at ease.
Step 1
Preparation of marketing contract
We will prepare the marketing contract.
A copy of this contract is also sent to the seller's real estate agent;
This document is legally required to be available for purchasers to review.
Step 2
Contact Key2 Conveyancing
After receiving an offer, your real estate agent will provide us with a sales advice that contains the selling price and the contract information of the purchaser and the conveyancer.
We will liaise with you regarding the terms of the contract and will then prepare the contract for yourself to sign and a duplicate for the purchaser's conveyancer.
Step 3
Exchange of contracts
Exchange of contracts occurs when the purchaser's conveyance returns their signed documentation and the deposit is paid by the buyer. This exchanging of contracts means both the seller and buyer are committed to the contract. We will complete exchange of contracts and confirm the settlement date with you and your selling agent.
The deposit it to be paid by the purchaser on, or prior to, exchange of contracts.
The deposit is held in the trust account of the stakeholder until settlement.
Step 4
Requisitions, discharge of mortgage and transfer
We reply to the buyer's requisitions and proceed in arranging the transfer. We will deal with your bank, on your behalf, to arrange discharge of mortgage by the seller's bank.
Step 5
Settlement figures
We will receive and check settlement figures, along with any adjustments, such as council rates.
A booking for settlement is made with the purchaser's conveyancer and your bank. We will coordinate with yourself and the buyer's conveyancer regarding the documents that need to be signed and witnessed.
The usual timeframe for settlement is four to fix weeks.
The agent's commission for selling your property is also to be paid at settlement. This is usually paid out of the deposit that the agent is holding in their trust account.
Step 6
Settlement
Key2 Conveyancing will attend settlement on the scheduled date and time. Settlement then takes place. This involves the exchanging of bank cheques and title deed and discharge of mortgage.
The purchaser's conveyancer provides and order on the selling agent, which authorises them to release the deposit to you, account for their commission on the sale and release the keys for the property to the purchaser, where applicable.
Settlement correspondence is issued to the seller. Settlement is complete.