Country Realty Seller's Guide

11 / 12

YOu havE SOlD!
... ... Well not quite. You are technically “under contract” but not
“sold” until the terms and conditions are met.
Some of the terms and conditions are critical, such as finance
approval, others are not. For instance, if you agreed to leave a
ride on mower and it broke down or was stolen, you could agree
a financial settlement but failure to meet that condition won’t
stop the sale proceeding.
You will have appointed a Settlement Agent or Conveyancer as
part of the Contract of Sale. They are the people who will finalise
the Contract of Sale and transfer the Title and monies on an
agreed date.
They will also do things such as: arranging a split up of rates and
taxes, transfer the Title, bank monies for you, pay the real estate
agent their fees etc. They will provide you with a schedule of
income and expenditure for the transaction.
The agent can continue to be of assistance by helping to arrange
final Inspections prior to settlement and aiding with Timber pest
or building inspections.
If you are living in your home, you have till 12 PM the day after
Settlement to vacate the property otherwise the buyer can take
possession immediately.
haPPY E NDiNg
Page 11
Thousands of properties are transacted every year and whilst
one or two have some issues, generally speaking the process
works well.
Your level of satisfaction will depend heavily on the choice of
Agent, being realistic with price and expectations of service and
maintaining the property as best you can during the sales process.
Happy Selling!
conditions, initialling and dating the changes and then having
the Agent present that back to the sellers. They then accept or in
fact could make further amendments.