Step 1: Getting your contracts prepared for real estate QLD:
Its good practice to have a blank copy of your contract ready and on file for when a prospective buyer looks to purchase your home. Your contract will need to include a warning statement directly above where the buyer signs, you can find the wording of this statement by clicking here
If your property has a pool then must have a pool safety certificate from a licensed inspector. Alternatively, you can give the buyer a Form 36 – ‘notice of no pool safety certificate’ before selling View here
Step 2: Setting your list price for real estate QLD
Its important to research the Sold Homes in your area before putting a list price on your property. See below some good advice for determining your properties list price.
Or, Get a valuation completed from an independent property Valuer.
Step 3: Sell My House in QLD | Conducing open homes or private inspections
After your home is all online, its then on to the races! – Arrange buyer inspections when buyers contact you to view the property, or alternatively conduct your own open homes for an hour or so on the weekends.
Step 4: Receiving a buyers offer
An offer is generally agreed upon in writing and your solicitors will draft you up a copy that each party will need to sign. Be sure to get legal advice from your solicitors or conveyancers and have them check over the contract. The legal process of selling a property in QLD is for you and the buyer to both sign the contract of sale. Once an offer is counter-signed by the vendor it becomes an enforceable contract of sale. Both parties will then need to be given a copy of the contract.
Step 5: The Cooling Off period for real estate QLD:
In QLD, the buyer of residential property is entitled to a cooling off period of five business days. The cooling off period commences from when the buyer receives a copy of the contract of sale signed by both parties.
The buyer can cancel the sale during the cooling off period, but will have to pay the seller a termination penalty of up to 0.25 per cent of the sale price.
Step 6: Settle on the Property
When the contract has gone unconditional, all you will need to do now is to wait for the settlement date. This date agreed upon between yourself and the buyer when entering into the contract. Settlement is usually anywhere from 30 to 90 days.
At settlement the buyer settles on the sale any by paying the purchase price, less their deposit.
You can create your For Sale, or For Rent listing below. For additional information or to learn more about Real Estate For Sale By Owner – Contact our ‘Sale By Home Owner’ customer support team via email here or phone 1300 609 392.
View our ‘For Sale Packages’ below to get started:
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