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Legal information for selling privately in South Australia

Selling a property without using a real estate agent is becoming increasingly popular in Australia. Many vendors choose to sell their home themselves to avoid paying an agent’s fees and give themselves more control over how their property is marketed and presented.

The process of selling a property can be complex and time-consuming. There are many legal requirements that must be met. It is strongly recommended that you employ a qualified conveyancer or solicitor to help you. They will be able to prepare all the necessary legal documentation – eg the contract of sale and represent you during the settlement process.

If you plan to sell your own home you will be responsible for:
setting a realistic price
deciding how you want to sell the property – eg auction, private treaty
organising and paying for advertising and marketing
preparing your property for sale
organising and attending open inspections
ensuring all necessary documents are complete, accurate and up to date (including the cost and preparation of the Vendor’s statement – Form 1)
answering questions from the public about the property
complying with the 2 day cooling off period
deciding on a date for settlement
deciding what chattels will be included in the sale – eg appliances
organising an auctioneer if selling at auction.

View Vendor’s Statement Form 1
The above information is sourced from www.sa.gov.au website.

SA