Contract Preparation Through to Settlement
All property transactions are unique. The most important consideration is that the draft contract is prepared completely and accurately.
Just one missing document can result in a future purchaser being able just walk away from a binding contract.
Our expertise ensures that this will never happen.
Step 1: Contract Preparation
In New South Wales it is a legal requirement that a contract is prepared before a property can be offered for sale.
We will obtain all necessary certificates for inclusion as well as drafting any specific clauses that may be required for your sale.
A copy of the draft contract will then be provided to you & your agent so that marketing can begin.
Step 2: Contract Negotiations
Our draft contracts are prepared without contentious provisions which only lead to unnecessary delays once a buyer is found.
We will promptly assist with the final contract negotiations and proceed to the exchange of contracts.
Step 3: Exchange of Contracts
At this stage, a final contract will be produced for signing. The purchaser will pay the deposit – typically 5% – 10%.
This is the time contracts become binding and settlement preparations can begin.
Step 4: Settlement
Once contracts have exchanged, we’ll continue to guide you through to settlement.
We will liaise with your real estate agent, purchaser’s conveyancer and your current lender to make the necessary arrangements.
Settlement will typically occur around 6 weeks after exchange. This is the day you will receive the full sale proceeds and possession of the property is handed over.