that all the conditions of the contract are fulfilled.
You have now done everything that you would have otherwise
paid a real estate agency to do and saved yourself
several thousands of dollars. From here on, the solicitors
take over. They handle the exchange of money, the
exchange of ownership titles and a number of other
things, such as apportioning the share of rates and
insurance to be paid as well as handing the keys over
to the new owners.
all really very simple. As I said, it’s
simply a matter of using basic common sense. There
are only two things that you need to be extra careful
about. One is estimating the market value, which I’ve
already told you how to go about, and the other is
to carefully read the contract before you sign it.
This is something you should do with your lawyer even
if you decide to call on the services of a real estate
people are always keener to see contracts
signed and sealed quicker than lawyers are because
if any offers they bring you are not accepted, they
may lose out all together. Therefore there is a danger
that they might advise you to sign the contract before
your chances of getting a better deal have been fully
exploited. Whereas lawyers assume that if you don’t
sell to one buyer, you will probably sell to another,
and that you will get him or her to handle the conveyance
anyway. So they will still get their fee even if it
is a little later coming.