How to sell my property privately in QLD

1. Find a solicitor/conveyancer and Prepare the contract and other relevant documents

It is ideal that you have a contract ready before putting your property on the market; find a solicitor/conveyancer to prepare your sales contract and other required documents. A solicitor/conveyancer will also help your settlement process as it is the transfer of legal title of real property from one person to another; If you need any help to find a solicitor/conveyancer, please contact us.

2. Set up the price

Check the current sale and sold price in your area on realestate.com.au that will help you to determine a price; you can also find a property valuer to physically valuate your property as well;

You can use offer above xxx,000 but that also means that you are willing to sell your property at a minimum of xxx,000.

if your property is listed for sale at a specified price, while knowing you will not sell the property for that price is bait advertising which is not allowed.

3. Inspection

Set up an inspection time this can be open house or private inspection by appointment

4. Receiving offers; Agree on the sale price; Sign the contract

Carefully review your offers; once you and your buyer agree with an offer then consult with your solicitor/conveyancer and sign the contract; there will be 2 copies of the contract; one for you and one for your buyer. You must each sign a copy before they are exchanged.

5. Exchange of the contract

Exchanging sale contracts is the legal part of selling a home. Exchange contract can be done by hand or post and is usually arranged by your solicitor/conveyancer. At the time of the exchange, the buyer will usually be required to pay 0.25% of the purchase price.

Please note: The buyer or seller is not legally bound until signed copies of the contract are exchanged.

6. Cooling off period

Buyers of residential property usually have a cooling off period of 5 working days in QLD following the exchange of contracts during which they can withdraw from the sale.

The cooling off period can be waived, reduced or extended by negotiation. (please consult with your solicitor/conveyancer)

There is no cooling off period for sellers. Once contracts have been exchanged, sellers are generally bound to complete the agreement.

There is no cooling off period when purchasing at auction.

If the buyer withdraw the sale, the buyer will need to pay the vendor 0.25% of the purchase price.

7. Settlement of the property

You and your buyer will agree on a settlement date on signing a contract. It is normally 30-90 days in QLD. Your solicitor/conveyancer will help you for the settlement of your property.

we can help you to sell your property privately starting at the price of $399 from our package with the following features, please visit pricing package for full detailed features

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