Selling / Step-by-Step Guide / Estate Agents
Step 1: Find an estate agent
The benefits of having an estate agent are discussed here. A good estate agent will make the entire process less complicated and assist you through this process.
Step 2: Selling your house
Make your home an attractive option to buyers. Remember that interest in your property is highest when it initially goes on the market so you need to get your house in order as soon as possible.
Step 3: Offer to Purchase
A prospective buyer or (hopefully) buyers might make you offers on your property. At some point you will decide on a specific one and most likely sign an Offer to Purchase. Your estate agent will be able to draft this document for you. You need to make sure that all the agreements between you and the buyer are mentioned in this document as it is binding on both parties. Permanent fixtures are usually included in the sale and moveable items are negotiated.
Step 4: Certificates
By law the seller (at his own expense) is obligated to supply the buyer with an electrical compliance certificate to confirm that the electrical system complies with safety regulations. In some coastal regions the seller might also have to supply an Entomologist's Certificate confirming that the property is free of termite and / or woodborer infestation.
Step 5: Cancel your home loan
Notify your bank in writing that they need to cancel your home loan. At this point the bank will instruct their attorney to finalise the cancellation. There is some paperwork attached to this process and your bank will be guiding you through this.