Fox Cheshire

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  • Home
  • About Us
  • Areas of Practice
    • Business & Commercial
    • Conveyancing
      • Buying Property
      • Selling Property
      • Retail & Commercial Leasing
      • Retirement & Nursing Home Property
    • Family Law & Divorce
      • Children
      • Divorce & Separation
      • Separation of Property & Assets
    • Wills & Estate Planning
      • Preparing your Will
  • For Clients
    • Your Secure Documents
  • 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.

Fox Cheshire can help, and avoid problems that may compromise your biggest sale.

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 paid for your 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 Fox Cheshire will liaise with your bank in relation to releasing any mortgage held on the property and the purchaser to make sure your sale is finalized.

At 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 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.

Conveyancing

  • Buying Property
  • Selling Property
  • Retail & Commercial Leasing
  • Retirement & Nursing Home Property

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Fox Cheshire

Fox Cheshire have assisted small and large businesses to start, grow and flourish, have bought and sold hundreds of properties with our clients, and have stood with thousands of clients to achieve or defend their legal position.

Our Advantages

At Fox Cheshire, we understand you, and we make sure you understand us. Our 20 year plus Principal and the team will build with you, create with you, stand up for you and protect you. Talk to Fox Cheshire about your legal needs. How can we help you?

Contact Us

  • Suite 302, 71 Longueville Road Lane Cove NSW 2066
  • 0434 369 600
  • paul@foxcheshire.com.au

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