Here is how you can plan for a successful sale of your Sydney property

Are you planning on selling your property in Sydney? Understanding the sale process will help you sell your home faster and without complications.

No sales transaction is complete without accomplishing all the legalities so we have come up with a quick sales guide to help you breeze through your deal easier.

You’ll need to prepare a contract of sale

You cannot advertise your home for selling if you do not have a Contract of Sale.

The contact should include a current Zoning Certificate (s 149) from the local council, a drainage diagram and a copy of title documents.

If your home has a spa or swimming pool then be sure to attach the following:

a valid swimming pool Certificate of Compliance
a valid certificate of registration and corresponding occupation certificate

You can ask your Sydney real estate agent and conveyancer for all other applicable documents. Likewise, you have to decide if you will sell through a private treaty or auction. Private treaty gives you more control over the sale while auctions increase your chance of selling the property.

Either way, you must consult your agent and research on which best fits your property.

Find the right real estate agent to work with

Selling your home successfully depends on working with the right real estate professionals.

Here are several factors to consider when choosing a Sydney local real estate agent to work with:

check for a valid license – you can check online or over the phone
check for a professional indemnity insurance policy coverage
see if they have the right knowledge and expertise of your area. Find out how long they have been working in the local area
check if they follow any code of ethics
Understand the charges, fees and commission structure.
Find out where/how they will advertise your property. What costs will be involved and who will be paying for them?

Remember that the law requires a written contract be made between you and the real estate agent. The sales agreement will lay out all duties and responsibilities of both parties.

Understand what happens during contract exchange

You have to exchange sale contracts regardless of whether you sold your home via auction or private treaty.

There should be two copies of the contract: one for you and one for the buyer.

Each copy must be signed before they are exchanged via your agent, solicitor or conveyancer. During the time of the exchange, buyers are often required to deposit 10% of the purchase price.

Settlement takes place around six weeks following the exchange of contract.