Selling your property Before your property can go on the market you have to take care of certain essentials. There are legal requirements to be met, an entire marketing plan to arrange in order to attract your buyers, and of course you have to physically prepare your property for sale. Agency Agreements When you engage an agent to sell your property, you must sign an agency agreement. This is a legally binding contract that authorises this agent to act on your behalf in matters relating to the sale of your property. The Contract of Sale Before any residential property can be sold (in some states), a contract of sale must be prepared by law. The contract must include all documentation relating to the property as required by state or territory law. Your agent will go through exactly what’s required for your property. Method of sale There are several ways you can sell your property, the most common being auction or private treaty. Both come with their own strengths and weaknesses. Your agent can advise you on the best method for you based on the type of property, its location, the nature of the market and the timeframe that you’re looking at. What’s your property worth? Knowing your property’s estimated value enables you to make the right decisions.
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