• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
PGH Solicitors

(02) 6642 3411

  • Home
  • About Us
  • Areas Of Practice
    • Business Purchase/Sale
    • Buying Property
    • Selling Property
    • Conveyancing in NSW
    • Court Representation
    • Criminal Law
    • Family Law Property Settlement
    • Divorce in Australia
    • Child Custody Law
    • Executors & Probate
    • Wills & Estate Planning
    • How to Make a Will
  • Conveyancing
  • Contact Us

Selling Property

The Contract

Once you’ve made the decision to sell your property, one of the first tasks is to have the Contract for Sale of Land drawn up.

The contract will include not only the legal terms and conditions of sale, but will also specify what items are included or excluded from the sale, and any other special requirements you might have like a longer or shorter settlement than usual, or perhaps that the contract be conditional upon another contract for you to buy your next property. There are a lot of ways that a contract can be varied, so it’s important to discuss your situation in detail with your lawyer/conveyancer.

You also need to know your disclosure responsibilities, as failing to disclose certain things can lead you into a lot of trouble.

The Deposit

Once a purchaser has been found and the contract has been signed and is legally binding, then a deposit is usually paid by the purchaser and is usually held in the trust account of the selling agent.

Settlement

Settlement (the day that the money is exchanged for the property and keys handed over) is scheduled in accordance with the contract, and is usually 6 weeks after signing contracts. During the wait for settlement your lawyer/conveyancer will liaise with your bank in relation to releasing any mortgage held on the property. In this time you should arrange disconnection of electricity and other services.

Before settlement the purchase price will be adjusted to reflect the council rates, water rates and strata fees that need to be shared between the parties. There may be other adjustments, based on the Contract for Sale.

Once settlement takes place, the real estate agent will be be authorised to release the deposit to you, less their fees.

Contact us to discuss the sale of your specific property with an experienced property lawyer in Grafton or Yamba.

Primary Sidebar

Online Enquiry

* indicates required field

Footer

PGH Solicitors

Pollack Greening & Hampshire Solicitors and Conveyancers are legal professionals who care about you and your best outcome.

Serving the entire Clarence Valley with office locations in Grafton and Yamba. Long established since 1904.

Our Advantages

  • Free first consultation.
  • Cost agreements so you know how much you are up for before we begin the work.
  • Extended and after hours consultations
  • Mobile service – we can meet with you wherever convenient including at home, in hospital or at your place of work
  • Family friendly appointments – we are happy if you need to bring the children along
  • Jargon free advice
  • Access to a network of professional services including Accountancy & Taxation, Business & Financial Planning, Valuation and Surveyor services

Contact Us

  • 27 Prince Street
    Grafton NSW 2460
  • 26 Yamba Street
    Yamba NSW 2464
  • PO Box 10
    Grafton NSW 2460
  • (02) 6642 3411
  • (02) 6642 6833
  • [email protected]
  • Find us on Facebook

Liability limited by a scheme approved under Professional Standards Legislation
Copyright © 2022 · Website hosting by Lift Legal Marketing · Login