If you are selling a property, On Call Conveyancing can provide the representation needed to clarify and complete the legal documents, and respond to requests from the buyer. We take the uncertainty out of selling your property, by providing expert guidance and advice throughout the sales process.
When you have decided to put your property up for sale, you can contact us about preparing the Contract of Sale. Your estate agent will need this document to commence marketing because it sets out the details of the sale, and prospective buyers will need it for review.
We ask that you provide clear instructions regarding the property for sale, so that the contract can be completed quickly. You will need to advise us of the address, types of improvements and legal extensions, as well as the address of the property
What we do…
- Respond to any requests from the buyer on your behalf
- Prepare the Contract of Sale: This agreement sets out all the matters affecting the sale and has a fairly standard format. Contents include conditions of sale and inclusions (items being sold with the property), ownership, the nature of any improvements, the price, deposit amount, and title details and any title notations just to mention a few.
- Information to be included with the Contract of Sale
There are certain ‘Prescribed Documents’ that must be attached to the Contract of Sale for residential properties. These include the council zoning certificate, sewer diagram, copy of title, and official plan of the land.
- Cooling Off period for Contract of Sale Contracts relating to residential property include what is known as a ‘Cooling Off Period.’ During this window, which is usually 5 working days, the purchaser has the option to withdraw from the sale without penalty. However, once the cooling off period has expired, the purchaser is locked into the contract.
- Prepare the Memorandum of Transfer: This document is signed by both the buyer and the seller and is registered at the Land Titles Office. The Memorandum of Transfer facilitates the transfer of the property from the seller to the buyer, at a specific price.
- Discharge of existing mortgage. Any money owed to a lender with a registered mortgage must be discharged at settlement.
If you have an enquiry about a real estate sale, please give us a call today on 02 9585 9822, or email us at email@example.com.