Selling your home in the ACT

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If you are selling residential property in the ACT, whether it is a freestanding home, a townhouse or a unit, your solicitor must prepare a marketing contract or Contract for Sale. This contract must include a number of disclosures such as a title search, a building report, a pest report, crown lease conditions, a crown lease compliance report, an energy rating report, body corporate minutes and related certificates (where required) and any other material matters (such as non-compliance matters) that will pass with the property to the buyer.

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As your solicitors, we will prepare the marketing contract and provide it to your agent (or to you where no agent is involved) who will in turn be able to advertise the property for sale. 

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If your property is sold under auction, there will be a binding contract between yourself and a buyer at the fall of the hammer when the buyer has made a successful bid at the auction. If the sale proceeds by private treaty (by private negotiation), we will provide the buyer’s solicitor with a copy of the Contract for Sale and the parties will arrange for the contracts to be exchanged, which gives rise to a binding contract between yourself and the buyer.

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When a binding contract is made between a seller and a buyer, contracts are said to have 'exchanged'. 

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Once contracts are exchanged, we will liaise with you, the buyer’s solicitor, your financing team, your agent and relevant government agencies to prepare for settlement or completion.

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If you would like assistance with selling your home in the ACT, please contact us. 

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Buying your home in the ACT

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If you are buying residential property in the ACT, whether it is a freestanding home, a townhouse or a unit, you will either have successfully bid under auction, or you would have agreed on the price of the property by private treaty (by private negotiation). 

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If you are the successful bid under an auction, you would have entered into a binding contract with the seller at the fall of the hammer. If you are proceeding by private treaty, no binding obligations with the seller arises until you and the seller have exchanged contracts. 

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Before you enter into a binding contract with the seller, we always recommend you obtain legal advice on the Contract for Sale. The Contract for Sale incorporates a number of disclosure documents that enable you to make an informed decision about your purchase and should be carefully considered before you make a binding promise to purchase a property. 

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When a binding contract is made between a seller and a buyer, contracts are said to have 'exchanged'. 

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Once contracts are exchanged, we will liaise with you, the seller’s solicitor, your financing team, the seller’s agent and relevant government agencies to prepare for settlement or completion. 

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If you would like assistance with buying your home in the ACT, please contact us. 

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