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Selling Property

Gladstone Lawyers Selling Property

The Contract

Once you’ve made the decision to sell your property, one of the first tasks is to have the Contract for Sale of Land drawn up.

The contract will include not only the legal terms and conditions of sale, but will also specify what items are included or excluded from the sale, and any other special requirements you might have like a longer or shorter settlement than usual, or perhaps that the contract be conditional upon another contract for you to buy your next property. There are a lot of ways that a contract can be varied, so it’s important to discuss your situation in detail with your lawyer/conveyancer.

You also need to know your disclosure responsibilities, as failing to disclose certain things can lead you into a lot of trouble.

The Deposit

Once a purchaser has been found and the contract has been signed and is legally binding, then a deposit is usually paid by the purchaser and is usually held in the trust account of the selling agent.

Settlement

Settlement (the day that the money is exchanged for the property and keys handed over) is scheduled in accordance with the contract, and is usually 6 weeks after signing contracts. During the wait for settlement your lawyer/conveyancer will liaise with your bank in relation to releasing any mortgage held on the property. In this time you should arrange disconnection of electricity and other services.

Before settlement the purchase price will be adjusted to reflect the council rates, water rates and strata fees that need to be shared between the parties. There may be other adjustments, based on the Contract for Sale.

Once settlement takes place, the real estate agent will be be authorised to release the deposit to you, less their fees.

Contact us to discuss the sale of your specific property with an experienced property lawyer in Gladstone.

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Our Advantages

  • Gladstone lawyers – Established since 2001 With a combined total of more than 112 years of legal expertise, you can be confident that our solicitors have the experience to meet your needs.
  • We’re a friendly, local law firm that works in partnership closely with our clients to provide total legal solutions.
  • Established in 2001, we have been very successful because we don’t stand on pomp and ceremony, but by the same token, we do pride ourselves on the quality and attention to detail in all our professional legal services and client partnerships.
  • We actively partner with many other professional firms in our local area to deliver tailored outcomes to our clients.

Our Advantages

  • All of our staff live and work in the area so we know the region intimately, it also means we understand local community and industry.
  • The reason we have not only survived, but prospered is because of our reputation for attention to detail and diversity of experience that can be accessed by anyone in our region, safe in the knowledge that our partnerships and local connections deliver outstanding results for our clients.
  • Our centrally located CBD offices are well known, easily identified and conveniently located within walking distance to several other businesses and banks for your convenience.

Contact Us

  • 62 Goondoon St, Gladstone QLD 4680
  • 07 4972 8766
  • 07 4972 8133
  • reception@christrevor.com.au

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