Selling a House, Unit or Land

If you want to minimise cost and think you can find your own Buyer, then you can try to sell your property yourself. If you do this, then we will need to create the Contract of Sale for you, which we will do for just $197 + GST. If you are selling a unit or townhouse, you will also need to have a disclosure statement which we can arrange for you. These generally cost around $150-200 as a direct cost from the body corporate searching agent.

If you do not have a simultaneous transaction (i.e. you’re not also purchasing another property) then the only likely delay in your transaction will be having your mortgage/s released and the Buyer arranging their finance. The standard time is 30 days in Queensland contracts and this tends to be more around the 45-60 days in other States. We can work as quickly as you need us to, so if you have to settle the property sooner than anticipated we’ll try to push things along with the other side and your financier.

It is important that you disclose certain things about the property in the Contract of Sale otherwise the Buyer may be able to terminate for non-disclosure. One of these for example is contaminated land and items that may show up on the title search, so we recommend you do a contaminated land search (around $60) and it is mandatory to do a title search ($24).

We’ll need a copy of your identification i.e. Driver’s License and Passport if possible, plus your address, email and phone number, to set up our electronic file. Once the Contract is provided by the Agent, we’ll review it to make sure the property disclosures are made. If you’re not using an Agent, we’ll take care of the disclosures for you, once you provide the property details.

No, we can manage the entire transaction working with you via telephone, email and teleconference/webcam if you would like to have a face-to-face meeting. This saves you time, and also saves money not having to pay for inner city parking. You can just post any original documents to Level 54, 111 Eagle Street, Brisbane QLD 4000, email us at admin@virtuallegal.com.au or call on 1300 550 150.

We recommend that you do this as soon as possible as it can take them several weeks to get ready. In any event, we will remind you once the property goes unconditional.

Yes, we will need to investigate what the caveat has been registered on the property for, and we will open a separate legal file for removal of the caveat. Where the caveat has lapsed, this will be simple enough for us to remove with a few documents prepared and lodged with the Land Titles. However, if there is still an ongoing issue and the Caveat is non-lapsing, then you may need to wait until that issue is sorted out so that the Caveator (person who put the caveat on) releases it. You cannot sell the property with a caveat on I, as the caveat freezes the title so it can’t pass to the Buyer.