Selling a property can be complex. That’s why we want to alleviate the stress of it by guiding you through the transaction right from when you list the property for sale through to settlement.
Selling can come in all shapes and sizes and our professional fee will differ accordingly. However, by calling us, we can talk through your individual needs and provide you with a no obligation fixed fee quote.
When your property is listed for sale, your Real Estate agent might ask you to arrange preparation of a Form 1 (Section 7 Vendors Statement). The Form 1 contains all the relevant information in relation to your property (Title information, planning, rates information, building permits, notices etc), and must be given to a purchaser when a Contract is signed to start their cooling off rights.
You will need to provide the following to enable us to prepare your Form 1:
- Property address
- Copy of Council rates notice
- Copy of Community/Strata Corporation fee statement (if applicable)
- Copy of any notices received in relation to the property
- Copy of any Development approvals granted within the last 7 years
We aim to finalise your Form 1 and provide it to your nominated Real Estate agent in a timely manner (subject to any delay in obtaining information from stakeholders or documents from you).
Deed & Divide maintain a no sale, no fee policy. If your property is not sold within a reasonable period there is no fee payable, you only pay for search fees incurred on your behalf.
Once your property is sold and the cooling off expires we then get the transaction underway which involves keeping in contact with you, the Real Estate Agent, your Bank/finance broker and the Purchasers representative to ensure any special conditions are satisfied. For example finance approval, building and/or pest inspections and Vendor works. Once all conditions are satisfied we notify you and the Real Estate agent the contract is unconditional.
We then arrange for the discharge of your Bank’s mortgage (if applicable) and provide a statement to the Purchasers representative to advise the balance of the amount due at settlement. We also contact you to arrange a Verification of Identity, signing of a client authorisation/Transfer of land and any supporting documents/declarations required to meet legislative requirements.
In the lead up to settlement we liaise with your Bank to obtain their payout figure for settlement and once the Bank and the Purchasers representative are booked for settlement we prepare your settlement statement including checking outstanding rates and taxes balances.
On the settlement date we attend to settlement either electronically on PEXA or on your behalf in person at the Land Titles Office to check that all funds provided by the Purchasers representative are correct and to pay your Bank the payout figure due. We then notify you and the Real Estate Agent once settlement has been completed, so they can release the keys for the property to the Purchaser. We also advise the local Council, SA Water and RevenueSA of the change of ownership of the property, together with submitting any payments due.
If you have an enquiry regarding sale of a property, please contact us today.