Guide for Vendors
A comprehensive guide for property vendors in Victoria.
Selling Property in Victoria — A Guide for Vendors
Selling property involves a number of legal obligations and procedural steps. This guide outlines the key stages of the selling process and what to expect when you engage Sterling Law Group to act on your behalf.
Before listing your property for sale, you are required by law to prepare a Section 32 Vendor Statement (also known as a Vendor's Statement). This document must disclose important information about the property to prospective purchasers, including title details, planning information, building permits, owner-builder information, and any outgoings or encumbrances.
The Sale Process
Once a buyer is found, we prepare or review the contract of sale, negotiate any special conditions, and manage the exchange process. After exchange, we attend to all pre-settlement requirements including mortgage discharges, rate adjustments, and settlement coordination with all parties.
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