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
- Contact McMahon Turner Solicitors & Conveyancers
- Provide instructions to us to prepare the Contract of Sale
- Select your Real Estate Agent or seek our assistance
- 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
- Sign the Contract of Sale
- Ensure that the Contract of Sale is ready for exchange
- Exchange the Contracts of Sale
Step 3 – Following Exchange of Contracts
- 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.
- 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
- Provide all keys, remotes and codes to the selling agent
- Disconnect services
- 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
- 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
- Receive our settlement letter