How to sell my property privately in SA

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

It is best recommended to 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/conyenancer, 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;

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

2 days of cooling period in SA. The buyer can cancel during this time but will forfeit the holding despoist.

7. Settlement of the property

You and your buyer will agree on a settlement date on signing a contract. It is normally 42 days in SA. Your solicitor/conveyancer will help you for the settlement of your property.

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