Will you sell your property yourself or use an agent?
Sell yourself ie Private sale:
Instruct valuer or assess value from your own research
Order a LIM
Decide on marketing plan, length of time on market
Instruct your lawyer
Have a ‘Draft Agreement for Sale & Purchase’ prepared including names shown on CT, full address, legal description, list of chattels, deposit at 10% of the purchase price, settlement date and rate of interest for penalty interest.
If your property is under Unit Title ownership (e.g. Apartment) obtain a pre-contract settlement statement from your Body Corporate Secretary.
Use An Agent:
Contact 2-3 Real Estate Agents, ask each to make a presentation to you about how they would sell your property to maximise price potential.
Decide on method of sale with your Agent - auction, tender, deadline date or by negotiation
Negotiate agents commission and if its an exclusive agency, term of agency with real estate agent
