THE SELLING PROCESS.

1. 2. 3. 4. 5. 6.

Appraisal Conducted Formal Appraisal Letter

At the conclusion of the appraisal, your agent will forward a formal appraisal letter including;

• Recommended sale price

• Commission rate

• Marketing recommendations

Phone Call To Agent

When you are ready to go to the market, contact your agent and provide him verbal approval to proceed. Your agent will arrange a meeting to complete the authority documentation.

Details Entered Into Authority Documentation

Completed by your agent. Includes:

• Sellers contact details

• Property details

• Agents selling fee

• Exclusive agency agreement period

• Marketing charges & expenses

AUTHORITY DOCUMENTATION

SIGNED, ID CHECK COMPLETED & MARKETING CAMPAIGN AGREED

Please provide your agent with the following items at this point:

• Floorplan of the house (if available) any information on council approvals for extensions/additions

• Council approval of the pool and pool fence (if applicable)

• Electrical certificate (if applicable)

• Strata company details, fees, AGM minutes and financials (if applicable)

PROPERTY OWNERSHIP CONFIRMED & LIST PROPERTY

7. 8. 9.

Photography Booked

10.

We are legally required to confirm ownership of the property. A LIST Property Report is obtained from the Department of Primary Industries, Parks, Water and Environment. It provides detailed information on the property such as owners’ details, sales history, land size, building size and year of construction as well as main materials used in construction.

It is important to make your agent aware of any issues relating to the title that you are aware of (building approvals, easements, covenants and the like) as providing this information to potential purchasers prior to entering into a contract can prevent issues and delays with the conveyancing process.

Signboard

11. 12. REPORT SEARCH CONDUCTED

Your agent will provide you with suggestions and guidance on how to prepare your home for presentation

ORDERED & LETTER BOX DROPS ARRANGED

LISTING UPLOADED TO WEBSITES

Home Opens Scheduled Offer Presented

When you are presented with an offer you have 3 choices; accept, reject or counter offer.

13. 14. 15. 16. 17. 18.

Offer Accepted

Once the Contract has been signed, our Sales Administrator processes the Contract providing a copy to all parties, along with an outline of when special conditions are to be met (including finance, settlement, etc).

Appoint Settlement Agent

If not provided at the time of accepting the offer, it is important to appoint a settlement agent ASAP to begin the process of transfer of land etc. Provide the contact details to your agent.

Deposit Received

(Typically within 7 days of acceptance of the offer)

Finance Received

(If applicable)

Conditions Met

A typical condition is a Building Inspection. The Buyer is responsible for the payment of this report and will liaise directly with your agent to arrange access to your home to carry out the inspection.

Once all of the conditions have been met, the Contract is considered unconditional and a settlement date/time will be scheduled by your Settlement Agent.

Prepare Property For Final Inspection

Using the final inspection checklist provided by your agent at the time of accepting an offer, walk through your property room by room and check that all gas/electrical/ plumbing items are in working order.

NB. Please note; this process only outlines the involvement that we have with you as your Real Estate Agent. It does not include the process that you will follow from acceptance of offer to settlement with your nominated Settlement Agent.

19. 20. FINAL INSPECTION

(Approx 7 days prior to settlement)

The final inspection is conducted by your agent and the Buyer. Ensure that all keys to door locks, window locks, garage remotes and other locking mechanisms to the property are available for the Buyer to test.

Settlement

(Typically 21 to 28 days after finance approval)

Legally you are required to handover keys to the Buyers at the time of settlement. Please discuss this with your agent so they can liaise with the buyers.