We would like to answer some of the common questions vendors have when selling a property. Here are the answers to many of your FREQUENTLY ASKED QUESTIONS.
When I Decide To Sell My Property, What Do I Have To Do?
When Moving Out, Can I Move Out Over The Weekend?
What Expenses Am I Responsible For When Selling?
How Much Do I Need To Allow For Conveyancing Fees When Selling?
Q - When I Decide To Sell My Property, What Do I Have To Do?
A - There are two things you must do. You must choose the agent you want to sell the property for you and obtain a listing contract so the agent can show the property to prospective purchasers. In 1987, the NSW Government decided to impose a requirement that a seller has to have a listing contract prepared and given to their selling agent, which could be made available to any prospective purchasers. The listing contract has three documents attached to it; a full title search, a zoning certificate and a drainage diagram. You will be asked to pay the cost for preparing the listing contract and obtaining the disclosure documents upfront.
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Q - When Moving Out, Can I Move Out Over The Weekend?
A - No. The settlement takes place during the week and you are obliged to give vacant possession once settlement has occurred that day.
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Q - What Expenses Am I Responsible For When Selling?
A - You will pay a selling fee to your real estate agent. This will be set out in your agency agreement you signed with the agent upon listing. You will have to pay the balance owing on your mortgage, your rates are paid up to the settlement date, and your legal expenses. No stamp duty is paid by the seller.
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Q - How Much Do I Need To Allow For Conveyancing Fees When Selling?
A - Each transaction is different. We can give you an estimate of your expected expenses and our professional fees for acting for you. Either phone our office or and we will tell you what your likely expenses and fees will be when we prepare your listing contract.
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* The above questions and answers are a general example of those asked of us. Should you wish to ask a specific question you can do so by e-mailing us at our contact page.
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