A GUIDE TO Selling
Big enough to count, Small enough to care.
ur Property
Yo
A guide to selling your property
Step 1. Arrange a property appraisal
Arrange a property appraisal with your GDL agent, and gain an insight into what your property is worth in today’s market
Step 2. Choose your method of sale
There are different ways to sell your property, including:
Private Treaty
Auction
Tender
Expression of Interest
Your GDL agent can discuss the different sale methods to decide the best sale method for your property.
A guide to selling your property
Step 3. Deciding on a sale price
The market regularly experiences changes It is important to have a discussion with your agent around pricing and your expectations. We want you to be confident that you are gaining the best price for your property
Step 4. Confirm agency agreement
When appointing an agent to list your property you will be required to sign an Agency Agreement Form 6.
The agreement between seller and agent will vary depending on the following;
Exclusive agent: the agency agreement extends to 90 days maximum (for residential sales)
Open listing: the agency agreement can be longer than 90 days, as negotiated with the agent
S
A guide to selling your property
tep 5. Prepare a sales contract
Your GDL agent will prepare a draft contract of sale to be approved by you, the sellers, the future buyer and their
nominated solicitor or conveyancer Once approved, the final contract will be ready for completion.
The nominated Contract date can vary from 30, 45 or 60 days, or longer if agreed by all parties
S
te
p 6. Set a financial budget
Expenses to consider during the listing and sale of your property include:
Legal expenses
Government Stamp Duty charges
Marketing and advertising costs
Building inspections charges
We encourage you to consult with your accountant or
financial provider to consider the various costs associated with the sale and purchase of property
A guide to selling your property
Step 7. Prepare your home for sale
First Impressions Count. To encourage buyers to consider
your property, consider the following:
Maximise curb appeal by attending to lawns and gardens
Undertake property maintenance and ensure that all
services are functioning
Depersonalise and declutter
For more information on styling your home for sale request our booklet “A Guide to Presenting your Home for Sale”
Step 8. Marketing
Marketing your home for sale is the key to having your house sold in a competitive timeframe
Things to consider:
Professional photos
Signage and marketing
Window cards and brochures
Print media
Social media campaigns
Your GDL agent will arrange a competitive marketing campaign that best suits your home and budget.
A guide to selling your property
Step 9. Open Home
Open homes can be done once, twice or three times a week
to show potential buyers your home. The open home allows the potential buyer to imagine themselves living in the home
You don’t need to be present for the open home as your GDL
agent will organise and convene inspections and provide you
feedback
Step 10. Reach an agreement on Price and Contract terms
Things to consider when negotiating:
Previous offers
Suitable Settlement Date
The deposit amount
Advice from your solicitor and financial services provider
The nature and implications of contract conditions
A guide to selling your property
Step 11. Deposit
The deposit is payable on the signing of the contract or should be received within 24 hours of the buyer signing The deposit is held by the nominated stakeholder in a trust and released once settlement has occurred
S
tep 12.
Settlement Day
A pre-settlement inspection is organised with agents prior to the settlement date, allowing the buyer to undertake a final check of the property
The settlement date is the point at which solicitors will arrange to finalise the sale of the property This is the day of the handover to the new owners. It is the buyers responsibility to confirm with their solicitor that all aspects of the settlement and handover are ready to proceed
Both the buyer’s and seller’s solicitors will liaise to ensure that all conditions of the sale have been met and that the settlement can proceed.
get in touch
- The information provided is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided Nutrien Harcourts GDL will not accept responsibility or liability for any reliance on the information, including but not limited to, the accuracy, currency or completeness of any information Big enough to count, Small enough to care. gdlrural com au Toni Coutts 0455 456 951 toni.coutts@gdlrural.com.au
DISCLAIMER