What's happening?
Selling a property starts well before it goes to market — a sale contract generally needs to be prepared with the appropriate disclosures before the property can be advertised or offers accepted. Getting this right at the outset can help avoid delays later.
What could it mean for me?
- Incomplete disclosures can lead to disputes or delays after exchange
- Special conditions can be used to manage risks specific to your sale
- Existing mortgages need to be arranged for discharge at settlement
- Timing of your sale may need to align with a related purchase
What are my options?
- Instruct a solicitor to prepare the contract for sale
- Decide which special conditions are appropriate for your situation
- Coordinate discharge of any mortgage with your lender
- Negotiate settlement timing with the buyer
What happens next?
- Provide property and title details so the contract can be prepared
- Contract is issued to prospective buyers or their solicitors
- Negotiate and finalise terms
- Exchange contracts
- Prepare for and attend settlement
How can MGE Lawyers help?
MGE Lawyers prepares sale contracts and manages correspondence with the buyer's representative, aiming to help the sale proceed with as few surprises as possible.