Selling your house is a sure way to earn a good amount of cash. But the process involved, on the other hand, is no walk in the park. A number of steps must be taken and the necessary documents must be prepared and presented to make the sale legally.
In Townsville, Australia, the conveyancing process can be made easier so you can turn over your property with much less hassle. That said, what are the things you need to know before putting your house on sale?
Having a Real Estate Agent Will Help
They may be costly, but they come with professional and expert advice that is essentially useful. When you navigate the market alone, you’d meet many obstacles that can hinder you from selling your house fast.
When you have other responsibilities that prioritizing the sale of your house seem impossible, agents can help you out. They can take care of all the necessary courses of action while you keep busy with your other duties. This will save you a significant amount of time contrary to do doing it alone.
An agent can also assist you in choosing a successful sale method. They have access to a large number of potential buyers to whom they can recommend your property. That way, your house can achieve better exposure on the market, giving it a greater advantage and a relatively better chance of being sold.
Setting a selling price for your house can be difficult without the expertise of an agent. You aren’t likely to sway buyers with an overpriced property. Working with an agent with a detailed knowledge of the current market in a specific area will help you arrive at a reasonable and realistic price for your house.
Required Documents For Conveyancing
- Vendor’s Statement
Also known as Section 32, this document is prepared by the conveyancer who is a lawyer specializing in buying and selling properties. It contains everything the buyer needs to know about the property, such as mortgage issues and other conditions the property is under.
- Contract of Sale
This contract should contain the complete names and addresses of the buyer and seller, a full description of the property sold, details of the chattels (whether or not they’re included in the sale), purchase price, payment method, and date of settlement. Other details may be required, all of which in accordance with the terms.
- Form 1
This document states the property’s title and valuation details, any registered and/or unregistered documents placed within the last 90 days on the property, a copy of the title’s register search, and any government interest associated with the property. The conveyancer would normally carry out the necessary government searches on the property.
- Certificate of Title
This is the official record of your ownership of the property. If your house is mortgaged, you can buy the title from your creditor, online, or from the Lands Services and Lands Title Office. Depending on your property’s exact location, other documents may be required, so consult your conveyancer regarding this matter.
Selling your house and transferring its ownership is a long and excruciating process. But with third-party agencies ready to help you, you can take care of it without setting aside your other important daily duties. At the end of the day, what’s important is being able to sell the house without problems, so as much as possible, get all the help available.