As soon as you have made your decision to sell your property, contact your conveyancer and get the ball rolling on the paperwork. In amongst getting your property prepared, choosing an agent and getting yourself prepared for the next stage in life, it’s quite easy to forget the important things. Simply put, without a current Section 32, otherwise known as a Vendor’s Statement, and a Contract of Sale, you don’t have a binding contract and there are no other ways to be able to secure a buyer to purchase your property.
In a lot of cases, an offer may come in the first weeks of your property going to market. These offers are usually strong offers, in most cases, they will be the best offer you’ll receive on your property and if you haven’t organised your contracts, then you can’t lock them in. The only problem is that if you start the process after you find your buyer, then you leave them with time to think. In nearly every case of a buyer making an offer and having days to think about their decision, they either rescind or lower the offer.
So, my advice is, before even preparing to interview agents and sorting out your property, make the phone call to the conveyancer and start preparing what’s important. Not only will you be able to accept strong early offers, your agent will appreciate the fact that you are prepared and ready to go. It’s a great way to motivate them to work hard for you and do their job diligently securing the best the market has to offer.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.