Sell your property and receive funds on time
At Settlement Group, we recognise the challenges and intricacies involved in selling a property. Our conveyancers strive to make this journey straightforward, ensuring that every seller is knowledgeable and relaxed.
We offer a detailed roadmap for the settlement process, specifically designed for sellers, capturing each critical phase. Our conveyancers are there to navigate you through each step, providing specialised advice and tailored support, empowering you to manage your sale with assurance and clear understanding.
Seller Flow Chart
Our seller's flow chart clarifies every stage of the settlement journey, reflecting our dedication to transparency and enabling clients to grasp the process thoroughly.
Prior To Selling
Step 1
We can review your contract before signing should you be selling privately. Alternatively, we can complete the Contract for you at no extra cost.
Step 2
You advise your Real Estate Agent of your choice of Settlement Agent – Settlement Group.
On Receipt of Contract
Step 1
We advise Buyers agent that we are acting on your behalf at settlement.
Step 2
We search the title and check on any encumbrances i.e. mortgages etc.
Step 3
We will then send to you Interim paperwork including a Discharge Authority should you have a mortgage.
Step 4
We follow up and check on the Buyer’s finance approval.
Once Finance is Approved
Step 1
We instruct Bank to prepare the Discharge of Mortgage OR You forward Original Certificate of Title to SETTLEMENT GROUP PTY LTD by Registered Mail (if no mortgage).
Step 2
You arrange for satisfaction of any conditions on the contract, which you are responsible for ie. Repairs, painting etc.
Step 3
We prepare an interim settlement statement and forward to you and your bank.
Step 4
You sign & return Transfer of Land when forwarded to you & provide us with details of where you want any surplus funds to go i.e. deposited into bank or Bank Cheque posted to you.
Step 5
You ensure that everything in the house is in good working order for the buyer’s pre settlement inspection.
One Week Before Settlement
Step 1
You double check the settlement date with us then arrange a removalist. (If you live in the property it must be vacated by noon the day after settlement, if the property is vacant or tenanted the buyers are entitled to possession as soon as the settlement occurs).
Step 2
You request disconnection of power, gas and telephone services.
Step 3
We liaise with your Broker or Bank to make sure they are ready for settlement.
Step 4
We prepare a final settlement statement and adjust council rates, water rates and land taxes.
Step 5
We book settlement with the Buyer’s agent and your Bank and advise you of time and date of settlement.
Settlement
Step 1
We attend settlement on your behalf, paying out mortgage (if applicable) and distribute surplus funds in accordance with your instructions. Cheques will take 3 – 5 days to clear.
Step 2
We notify you as soon as the settlement has taken place. Congratulations!
Step 3
We notify the Real Estate Agent that settlement has taken place and to hand over keys to new owner.
After Settlement
Step 1
We prepare and send you a final letter and statement confirming settlement.
Step 2
We conduct a final search 3-5 weeks after settlement to ensure property has correctly transferred out of your name.
Still have questions?
We Are Perth PEXA Settlement Agents
