CONVEYANCING – SELLER PROCESS
Step 1
We will require some personal information about you and the property being sold so that we can prepare a Section 32 to provide to any prospective buyer of your property.
We will also require you to complete and sign an ‘authority to act’. This document authorises us to act on your behalf.
Step 2
Once the property is sold we will contact your financial institution and provide them with a completed and signed discharge authority advising them of the sale of your property.
They will need to prepare a discharge of mortgage in readiness for settlement.
Step 3
We can apply to have the deposit paid by the purchaser released early on your behalf by completing a section 27 document. This document must be approved and signed by both parties, and is conditional on the purchase price meeting the lending institutions mortgage payout policy. Note that the Vendor can take up to 28 days to release the deposit as they require sufficient time to conduct their searches.
Step 4
Legal documents for the transfer of the property to the purchaser are completed and sent to you for signing.
Adjustments are prepared and checked and cheque directions given to the purchaser’s representative.
Settlement arrangements are made with your bank and purchaser’s representative.
Step 5
We ask that you arrange for disconnection of telephone, electricity & gas at settlement date. All keys to the property must be handed to the selling agent on the morning of the settlement. Once the settlement is completed we will notify you. We will also notify council and water authorities of the change of ownership.