While the above information has hopefully provided you with an overview of the process to selling your current property, there are a number of things that you should be aware of to anticipate during the process. Please consider the following when going through the steps of a property sale transaction:

  • Engagement Letters for Legal Work– We require our TERMS OF ENGAGEMENT to be signed prior to beginning any work for you as a Vendor. Included in these terms and conditions is a requirement for payment of our costs. Please note that any delays in getting the TERMS OF ENGAGEMENT and any fee retainer back to us can see delays in the CONVEYANCING process.
  • Identification – We always require an up-to-date copy of your photo identification. Our preference is for you to provide us with a copy of your Passport and Driver’s License along with our CLIENT DETAILS FORM when you return the signed Terms of Engagement to us.
  • Financial Information – If you know of any reasons why obtaining a DISCHARGE for the date of settlement may be problematic please let us know early in the process as it has a major impact on dealing with a sale.
  • Written Instructions – When we are handling the transaction on your behalf and the payment of funds from our trust account we need specific written instructions from you. We will contact you before condition dates with the Purchaser and settlement dates, but please remember that we will need confirmations from you in writing before we can act on your instructions.
  • Time – It is also important to make sure you are available to be contacted around condition dates and settlement date. Given the need to take instructions from you, if you are not able to be contacted it can make the conveyancing process a difficult one for us which can add to unnecessary additional attendances and costs to you.

With these additional items of information we hope that you are better prepared for your sale decision, and the process we assist you through.

Hopefully, this information will have provided you with a better understanding of the issues and processes involved in a property sale, and that it will make your experience of selling a property utilising Prudentia Law’s team a smooth and seamless one. CONTACT US for more information.