Selling a property
Selling a property in Perth can be a stressful and demanding process.
From the moment you decide to sell until the final settlement, there are numerous tasks and procedures that must be completed to ensure a successful transaction. In today’s competitive Perth property market, it is crucial to have your paperwork meticulously organized to gain a competitive edge. By having all the necessary documents prepared in advance, you can empower your selling agent to attract potential buyers and create a bidding war, rather than risking delays or complications.
Before you Sell
- Get an appraisal: The housing market fluctuates each year, so it’s good to do your research on when is the best time to sell your home to get the maximum price.
- Get an agent: A real estate agent can certainly pay for their fee if you work with them.
- Prepare Your Property: Creating a house that will attract buyers, and offers! This is the time to get rid of all clutter, and get the maintenance guy in. Any unfinished areas should be completed, cracks in the wall fixed, gardens landscaped and exteriors repainted if necessary.
- Advertise Your Property: Your real estate agent will be able to talk you through this (it’s what we call the marketing strategy).
- Offers and Negotiation: You have received an offer! What next? This is where you can start negotiating price, conditions and settlement date
Your settlement agent, conveyancer or lawyer, will complete a variety of tasks on your behalf including:
- Search land titles to verify you are the legal owner.
- Ensure the property is compliant with regulatory requirements such as ATO clearance certificates, outstanding rates and smoke alarm and electrical building codes.
- Ensure any special conditions in the contract have been completed to your satisfaction before settlement takes place.
- Prepare and verify all necessary legal documents and forms.
- Attend to all adjustment of rates, taxes and levies as required.
- Liaise with your financial institutions to confirm existing loan balances and provide payout instructions.
- Coordinate the settlement date and time with your financial institution and the buyer’s settlement agent.
- Provide updates on settlement progress and advise you of any potential delays, including your rights when it comes to compensation.
- Attend settlement on your behalf to ensure correct exchange of legal documents and funds and let you know once settlement has occurred.