Selling Property in NSW, Contract to Settlement

Selling your property in NSW, whether it’s your family home or an investment property, is a significant undertaking that you're likely not accustomed to handling regularly. The process involves numerous challenges and time-consuming tasks, such as preparing your property for the market, engaging a Real Estate Agent, and making decisions about your next investment or place of residence. It's no wonder that selling real estate is widely considered one of the most stressful experiences one can endure.

At Paul Denny Conveyancing, we understand the intricacies of the property market and the stress that comes with selling property in NSW. Our team of experienced professionals is here to alleviate some of that pressure. We offer a seamless, efficient, and reliable conveyancing service that covers every aspect of the sales process, from contract preparation to the receipt of sale proceeds in your bank account.

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Comprehensive Conveyancing Services in NSW

We offer comprehensive assistance for various types of property transactions, including:

Residential

Torrens Title houses and Strata Title units each call for a different set of prescribed documents before your agent can advertise. We prepare your contract with the planning certificate, title search and, for units, the strata information you are required to disclose, so your property reaches the market without delay.

Commercial

Commercial sales bring GST and existing tenancies into the contract, and both change what you actually receive at settlement. We set out the GST treatment and your obligations to sitting tenants before a buyer makes an offer, including any going concern arrangement.

Retirement Village

Exit from a retirement village works differently from a standard sale, because the operator sits between you and the buyer. We review your village contract so you know what the deferred management fee and reinstatement costs will take out of your proceeds, then deal with the operator on your behalf.

Company Title

Company Title sales transfer shares rather than land, and the company board holds a right to approve your buyer. We prepare the contract around that approval step and liaise with the company secretary early, so board consent does not hold up your settlement date.

Vacant Land

Vacant land contracts live or die on disclosure. We check your title for easements and restrictions and confirm what the planning certificate says about zoning, because a buyer who finds either problem after exchange may have grounds to rescind.

Rural

Rural sales carry items a suburban contract never touches, from water access licences to fencing agreements and stock arrangements. We identify what forms part of the sale and what stays with you, then draft the contract so nothing is left to interpretation on settlement day.

Put & Call Options

Put and call options let you lock in a buyer now and settle later, which suits vendors dealing with developers. We draft the option deed and set the timeframes carefully, so you understand what triggers each option and you are not left waiting on a buyer who never exercises.

Why Choose Paul Denny Conveyancing

Choosing Paul Denny Conveyancing means partnering with a firm that prioritises your needs and works tirelessly to ensure your property sale is as stress-free as possible. Here are a few reason why our clients trust us with their conveyancing needs in NSW.

Expertise

With decades of experience in property law and conveyancing in NSW, our team is equipped to handle all types of property transactions.

Personalised Service

We understand that every property sale is unique, and we tailor our services to meet your specific needs.

Efficiency

We streamline the conveyancing process to ensure quick and efficient handling of your property sale.
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Transparency

We keep you informed every step of the way, providing clear and timely updates on the progress of your sale.

If you're planning on selling property in NSW, let Paul Denny Conveyancing make the process smoother and less stressful. Contact us today to learn more about our services and how we can help you achieve a successful sale. Our team of licensed conveyancers is ready to help you navigate the complexities of the property market and conveyancing in NSW.

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What You Can Expect From Us Through the Selling Process

Contract Preparation

You will need to a have a contract prepared before you advertise selling property in NSW. A legally binding contract needs to contain a number of prescribed documents and take into account statutory obligations with respect to implied warranties and contract terms.

We take comprehensive instructions from you and ask you pertinent questions to ensure your contract is compliant and clear.

We guide you on issues with which you may be unfamiliar: tenancies, foreign resident capital gains tax, GST, land tax, and disclosures.

We review your personal circumstances and discuss with you your requirements for with respect to matters like release of deposit clauses, simultaneous settlements, flexible settlement dates and vacant possession.

We work closely with your nominated agent, to ensure that we have your contract ready to meet marketing and auction time frames.

Marketing

Although we are not actively involved in the marketing process, we may be contacted during this period by prospective purchasers enquiring further about your property or requesting contract amendments. We prioritise these communications and contact you immediately to discuss and prepare accurate and legally appropriate answers. We keep your agent informed so that they are aware of potential purchasers and any agreed contract amendments.

Exchange

Contract exchange is the point at which you and the purchaser enter into the legally binding contract.

When you sell at auction, you are bound when the hammer falls on the winning bid; the contract is signed and dated immediately following the auction to record your agreement. The purchaser needs to pay the deposit at exchange and does not have the benefit of a cooling off period.

With private treaty sales, you and the purchaser may sign the same contract or separate but identical contracts. Sometimes the agent facilitates the exchange, sometimes we are required to do so.

Needless to say, exchange can be facilitated in a number of ways and there are important procedures around payment of deposits and waiving of cooling off rights that need to be managed.

Whatever the approach, we manage this important exchange process, ensuring that the contract is correctly executed and validly exchanged.

Settlement Preparation

Between exchange of contracts and settlement, you and the Purchaser will need to complete various tasks both to ensure you are ready to settle and to fulfil essential legal obligations.

Shortly after exchange we contact you with clear instructions regarding your requirements for settlement.

Amongst other things, we advise and assist you with:

Preparing a Discharge Authority for your bank so they can be ready to discharge your mortgage settlement.
Ensuring applications for capital Gains Clearance Certificates have been lodged.
Preparing replies to requisitions/questions from the purchaser.
Verifying your identity and signing authorities to transfer the property.
Addressing any land tax liabilities/obligations.
Preparing and providing Draft and Final Settlement Statements.
Organising a release of deposit if required.
Advising you on your pre-settlement obligations and the settlement process.
Engaging with your managing agent for rental adjustments and the transfer of rental bonds (if required).
Booking settlement with all parties.
Obtaining bank details for sale proceeds.

We communicate with you regularly during this phase so that you can be confident that all legal obligations have been met and you can prepare for settlement with certainty.

Settlement

Settlement occurs when all funds owing for the purchase are transferred (financial settlement) and the legal title for the property is lodged at NSW Land Registry Services is transferred to the purchaser.

This is your sale finally coming to conclusion and we are focused on ensuring this important event happens smoothly and on-time.

On multiple occasions in the lead up to settlement we will confirm the settlement date and time to you and remind you of pre-settlement requirements.

As soon as settlement is completed, usually 30 – 60 minutes after the scheduled time, we will contact you to confirm that your purchase has settled.

What Our Clients Say

“We had a great experience with Paul Denny Conveyancing throughout the settlement of our Audrey apartment. Our conveyancer, Craig Radford, was always responsive, prompt and helpful, and he made the entire process feel clear and well managed.We really appreciated his timely communication and willingness to answer our questions along the way. We would highly recommend Paul Denny Conveyancing and would definitely use their services again in the future.”
Paul L.

‍“An absolute pleasure to deal with from start to finish in my conveyancing transaction. In all my dealings with Lesley, I have only ever been offered the most impeccable level of service and professionalism with her trademark warmth to match. Her attention to detail and ability to get the best for her client is second to none. My family and I have and will always use her for all our property dealings!”
Rosemary and Jerome

"Linda from Paul Denny Conveyancing was great. She was professional, timely and provided great advice throughout and made the whole selling process effortless and hassle free. Thank you Linda!"
Irene P.