Sale of Land
Selling your land can be a frustrating and complicated process when you don’t have help. The legal tasks involved, including getting a contract drawn up for your purchaser, aren’t always straightforward. When done incorrectly you could be walking away from the transaction at a loss.
Our experienced conveyancers can provide assistance to those in Gippsland and beyond who wish to sell their land.
The process of selling your land
The first legal task required when selling a property is to have a Conveyancer, Solicitor or Lawyer prepare a Vendor Statement (otherwise known as a Section 32 Statement). This Vendor Statement is designed to provide any potential purchasers with information about the property to help them decide whether or not to make an offer.
If you choose us to prepare the Vendor Statement, your Agent will either contact us on your behalf or suggest that you contact us directly. From there we will take down the right information to prepare the Vendor Statement.
Once your Agent has negotiated the sale price and any other terms on your behalf, they will then prepare a Contract of Sale of Land for you to sign, accepting the purchaser’s offer.
After the contract is signed, your Agent will supply us with a copy of the contract. Our experienced staff will then attend to arranging a discharge of your mortgage with your bank, an adjustment of the rates, and the distribution of proceeds at settlement.
Things to consider before you sign
Getting to the point of signing is exciting and it can be tempting to sign the Contract of Sale of Land as soon as the Agent supplies it to you. We strongly recommend that you hold off and contact our office before you sign any Contract of Sale of Land. This way you can get valuable advice before you get locked into a contract that doesn’t align with your best interests.
Sale of land issues we can help you with
- GST/CGT
- Illegal building works
- Consequences of any leases
Get assistance with selling your land
Once the contract is signed, many issues that lie within can’t be fixed. This puts you at risk, which is why it’s important to seek advice before you sign. If you want to feel confident when selling your land, contact us to prepare the Vendor Statement on your behalf. We will ensure that the transaction runs smoothly and results in a successful settlement.
