AGS
Level 4, 183 Wickham Terrace Brisbane QLD 4001
(1800) 217 217 Free case consultation
Level 4, 183 Wickham Terrace Brisbane QLD 4001
(1800) 217 217 Free case consultation

The Seller’s Conveyancing Checklist Made Simple

Selling your home? Here are some important things to remember to get you through the process without breaking a sweat. Stage 1. Contract of Sale Often your real estate agent will prepare the contract of sale using a standard template. Whilst it is tempting to just sign on the dotted line remember that it can be […]

The Seller’s Conveyancing Checklist Made Simple

The Seller’s Conveyancing Checklist Made Simple

Selling your home? Here are some important things to remember to get you through the process without breaking a sweat.

Stage 1. Contract of Sale

Often your real estate agent will prepare the contract of sale using a standard template. Whilst it is tempting to just sign on the dotted line remember that it can be costly (and may not always be possible) if you decide to not proceed with the sale. If you have any doubts or concerns then seek legal advice.

Stage 2. Signed Conditional Contract of Sale

Conveyancing ChecklistRemember that the buyer will you will generally have a 5 business days “cooling off” period during which they can terminate the contract if they no longer wish to proceed – they will need to pay you a termination penalty.

Your solicitor will (if not already done) now order a title search, notify the nominated agent and the buyer’s solicitor they are acting and await transfer documents from the purchaser’s solicitor.

Upon receipt of the transfer documents, your solicitor will examine the title search and other relevant documentation (such as a mortgage to be discharged) to identify the legal and equitable interests in the property being sold. They will then forward the documents to you for you to sign and send back in its original form (returned via post, without the document being stapled or folded).

You should note that although the property is at the buyer’s risk from 5pm on the first business day after the contract date it is strongly advisable that you maintain your insurance policy up until settlement date.

Your solicitor will keep you informed of any issues raised by the buyer’s solicitor in respect of building and pest and finance conditions in the contract and any extensions sought by the buyer.

Stage 3. Unconditional Contract and Prior to Settlement

Once you reach this Stage all conditions (including building and pest and finance) have been met and failure to proceed with the sale is likely to have significant financial implications for you.

Your solicitor will now start preparing a Settlement Statement (containing proposed settlement adjustments for council and water rates) and send this to you, book settlement with your financier (if applicable) and the buyer’s solicitor, seek details from your financier of the cheques required at settlement and seek your instructions as to how you want them to deal with any surplus funds payable to you at settlement.  

The buyer is entitled to a pre-settlement inspection to ensure the property has been left in good condition thus you should not modify or damage the property in any way.

Stage 4. Post Settlement

Your solicitor will now send your real estate a settlement letter enclosing any balance owed for sales commission and instructions to discharge keys. They will also send you a final letter containing settlement figures and your tax invoice for the professional fees and outlays of selling the property.

Buying a house instead? Check out the buyer’s conveyancing checklist on a previous post here.

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Jackson Elliott
Jackson Elliott

5 months ago

IAN FIELD is awesome at staying on top of things. All are very professional, kind, knowledgeable, and I've had nothing but pleasant experiences with this firm. I have recommended them to others and will continue to recommend their services. thanks

Mana S
Mana S

3 months ago

Worked with Mr Ian Field and Mrs Elise Foote as our mediators. Very disappointed with the service. The process lasted way more than expected and obviously we were charged much more than estimated. The delay caused much more stress rather than helping us to resolve the problem and they didn’t seem to feel responsible enough to care about it. They had many mistakes that we had to correct them which shows they didn’t spend enough time on it and even part of the job remained kind of unresolved and they kind of left me alone without caring about it. I would not recommend them at lest in family matter.

Anita Loader
Anita Loader

5 months ago

I wanted to pass on my thanks to all at Aylward Game, especially Mark Kenny, Shonae Morrison and Allyce Ardern, for all the assistance they have given over the past 6 weeks. As a very novice property purchaser, the professionalism, advice, hand holding, responsiveness and above all patience were so very much appreciated and made what could have been a very stressful time, a very easy process (well, for me at least, maybe not for them!) Who knows, if this venture goes well, it may not be the last they hear of me.... Apologies in advance! 😳

Lawrence Carneal
Lawrence Carneal

9 months ago

Not many firms can compete with the skill and performance that Aylward Game have - I am a very happy camper... fast turn around and diligent research on my property matter thanks to Mark Game.

Cam Smith
Cam Smith

11 months ago

10 out of 10 and 5 star service... when it comes to property conveyancing Brisbane - they will not be beaten as far as support. Yes you can probably save a few bucks elsewhere - but you won't get the same attention to detail and support anywhere else! Thanks also to Allyce for helping deal with the selling side (which sounded tough)

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