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Legal – Selling Privately in Victoria
Legal Information on selling your property yourself in:
Victoria

if you want to sell privately, we can assist:

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Though, as with all other States, every home owner has the right to sell their property privately but there may also some particular points that apply specifically to a certain State.
Following are the key points you need to know when selling a property in Victoria:

* You will need to prepare a vendor’s statement (also known as a section 32) and contract of sale, by either:

Using a ‘do-it-yourself’ conveyancing kit from the Information Victoria Bookshop. This includes the contract of sale and vendor’s statement
Engaging a conveyancer or legal practitioner to prepare the documentation for you (recommended).

* As of 1 May 2017 the following new rules apply regarding the selling of a property:

New language guidelines: terms such as “offers over”, “offers above”, or any symbol must not be used in your advertised listings (e.g. $500,000+) and the price must be either a single price or a price range of up to 10 per cent.

Your estimated selling price must be reasonable and take into account the three most comparable property sales to the property for sale.

You must prepare a Statement of Information (SOI) in the approved form and make it available at open for inspections, upon request from prospective buyers, and with any internet advertising.

NOTE: SMPN can provided you with a blank copy of the SOI form which can be filled out and then uploaded within your members account, or you can just click on the following to print a copy.
Statement of Information (SOI)
The following SOI cover one for a property located within the Metro area & one for a property located outside metro area, as per the latest requirement of Consumer Affairs Victoria as of 16 September 2019.
SOI - Within Melbourne Metro Area
SOI - Outside Melbourne Metro Area

Related Information to These New Changes
For more information of how you need to price your property view:
Understanding Underquoting
Click To View Details