McMahon Turner Solicitors & Conveyancers - Property Conveyancing Services North Shore & Northern Beaches

Selling Property

McMahon Turner Solicitors & Conveyancers regularly assists clients with Selling Property.

Selling Property can be an overwhelming experience.

It is vital to obtain practical, accurate and clear legal advice.

The process for selling a property is:

Step 1 – Contract Preparation & Prior to Exchange of Contracts

You will:

    • Contact McMahon Turner Solicitors & Conveyancers
    • Provide instructions to us to prepare the Contract of Sale
    • Select your Real Estate Agent or seek our assistance

(see Choosing a Real Estate Agent)

We will:

  • Order necessary searches and prepare the Contract of Sale
  • Forward the Contract of Sale to the Selling Agent prior to marketing
  • Negotiate any amendments requested by prospective purchasers

Step 2 – Exchange of Contracts

You will:

  • Sign the Contract of Sale

We will:

  • Ensure that the Contract of Sale is ready for exchange
  • Exchange the Contracts of Sale

Step 3 – Following Exchange of Contracts

You will:

  • Receive and sign the Discharge of Mortgage form (if required)
  • Receive, sign and promptly return the Transfer document to our office.
  • If the deposit is held by your selling agent, provide your selling agent with:
    • Your Tax File Number
    • Your bank account details. After settlement, the agent will deduct the commission and any outstanding fees from the deposit and transfer the balance to your nominated account.
  • Start organising your move including removalists and disconnection of services. Make sure that the property is left in a reasonable condition.

We will:

  • Send the Discharge of Mortgage form to your Bank
  • Ensure your Bank is ready for settlement
  • Check settlement figures, adjustment of rates and levies
  • Obtain a Mortgage payout figure from your lender
  • Book settlement with your Mortgagee
  • Direct the purchaser to provide cheques for settlement

Step 4 – Settlement

You will:

  • Provide all keys, remotes and codes to the selling agent
  • Disconnect services

We will:

  • Attend settlement
  • Ensure that all Title documents are in order
  • Receive the settlement cheques from the Purchaser
  • Advise you and the selling agent that the settlement has taken place

Step 5 – Following Settlement

We will:

  • Send a settlement letter to you
  • Notify your local council, water board and owners corporation that you are no longer the owner
  • Retain your file for 7 years
  • Keep in touch with you

You will:

  • Receive our settlement letter
  • Celebrate!