Selling Your Property:
Affordable Conveyancing
Selling a property can be a complex and time-consuming process. From preparing a Contract for Sale of Land to finding the right buyer, there are many steps involved in ensuring a successful sale. However, one aspect of the process that can often be overlooked is conveyancing. It involves the legal transfer of property ownership and can involve a lot of complicated paperwork and terminology. That’s where affordable conveyancing services come in. By using a professional service, you can ensure that your contract is accurate and legally binding, without breaking the bank.
Before you can start advertising your property for sale, you must have a complete Contract for Sale of Land prepared and available for marketing purposes and potential purchasers.
You will require a complete Contract for Sale of Land whether you are selling your property with or without a Real Estate Agent.
Upon us taking detailed instructions from you to prepare a Contract for Sale of Land, we will promptly obtain all necessary documentation and ensure that the Contract is carefully prepared and forwarded to you or your nominated Real Estate Agent without delay.
Contract Exchange Process and Cooling Off Period in Property Sales
Once you have accepted an offer, Contracts will shortly thereafter be exchanged with or without a cooling off period.
Exchange occurs when the seller has signed the original Contract for Sale and the buyer has signed an identical copy. Contracts will then be compared to ensure they are identical and physically or electronically (exchanged) and the front page of each Contract will be dated. The Completion date will run from the Contract date.
Contracts may be exchanged with or without a cooling off period.
The standard Contract provides for a five (5) business day cooling off period. It is important to keep in mind that the cooling off period is for the purchaser only. So before signing the Contract you must be completely satisfied with the price you have accepted and the terms of the Contract. If the purchaser withdraws from the Contract during the cooling off period, the purchaser will forfeit to you 0.25% of the purchase price. If the purchaser does not withdraw, then the purchaser will be bound to complete the contract.
The cooling off period may be waived if the purchaser’s conveyancer provides on or before exchange a certificate known as a Section 66W Certificate. In this case the purchaser is immediately bound to the Contract on exchange.
The Contract is usually completed 42 days from the date of exchange. However, this can be amended to cater for your personal circumstances. When calculating the completion date include weekends and public holidays. If the 42nd day falls on a weekend or public holiday, completion will take place on the following business day.
We will happily keep you and your Real Estate Agent informed of the progress of your transaction.
Feel free to contact us with any enquiries you may have about selling your home or investment property. We offer affordable conveyancing services and we’re here to assist you and talk you through the process of a Sale transaction.
Conclusion: Simplify Your Property Sale with Alexis Conveyancing
Selling your property shouldn’t be a source of stress. At Alexis Conveyancing, we understand the complexities of property transactions and are dedicated to providing seamless, affordable, and reliable conveyancing services. Our experienced team ensures that every step of your sale, from contract preparation to completion, is handled with meticulous attention to detail. We prioritize clear communication and transparency, keeping you informed every step of the way. Trust Alexis Conveyancing to navigate the legal intricacies, allowing you to focus on your next chapter. Contact us today for a smooth and efficient property sale experience. Let us turn your property dreams into reality.
Frequently Asked Questions (FAQs):
Q: Why do I need a Contract for Sale of Land before marketing my property?
A: A complete Contract for Sale of Land is essential for legal compliance and to provide potential buyers with all necessary information upfront. It demonstrates your seriousness as a seller and streamlines the sales process. At Alexis Conveyancing, we prepare these contracts promptly and accurately.
Q: What is the cooling off period, and how does it affect my sale?
A: The cooling off period is a five (5) business day window, exclusively for the buyer, during which they can withdraw from the contract. If they do, they forfeit 0.25% of the purchase price. However, this period can be waived with a Section 66W certificate, making the contract immediately binding. Alexis Conveyancing can explain this process in detail.
Q: How long does the conveyancing process typically take, and what are your fees?
A: The standard completion is 42 days from the contract exchange, but we can adjust this to your needs. Our fees are competitive and transparent, designed to provide affordable, high-quality service. Contact us for a personalized quote and to discuss your specific requirements.