SELLING

Star Property Conveyancing

SELLING

Star Property Conveyancing

Ensuring a Smooth and Successful Property Sale in Victoria

Selling your property is one of the most significant financial decisions you will make. The legal process can be complex, but with the right guidance, it can be a seamless and rewarding experience. At Star Property Conveyancing, we specialise in managing the legal aspects of your property sale from start to finish, ensuring you meet all your legal obligations while protecting your interests.

The Critical First Step: Section 32 Vendor Statement

Before you can even market your property for sale in Victoria, you are legally required to have a complete and accurate Section 32 Vendor Statement.

The Section 32 Statement is a crucial disclosure document that provides potential buyers with essential information about the property. It must be provided to a buyer before they sign the Contract of Sale. An incomplete or inaccurate statement can give the buyer the right to pull out of the contract, so getting it right is paramount.

This statement includes details such as:

  • A copy of the Title.
  • Information about mortgages, caveats, or other encumbrances.
  • Council and water rates information.
  • Details of any building permits issued in the last 7 years.
  • Information about zoning and any overlays

What do I need to do before I can list my property for sale?

Legally, you must have a Contract of Sale and a Section 32 Vendor’s Statement prepared before your property can be advertised. Getting these documents right is critical to avoid future disputes. Contact Star Property Conveyancing to ensure you start your sale on the right foot.

How much will it cost to sell my house?

Your main costs will be the agent’s commission, bank mortgage discharge fees, and conveyancing services. We provide a transparent, fixed-fee quote for our work, so you’ll know exactly what to budget for. Call us for a no-obligation quote and complete cost breakdown.

What information do I need to give you for the Section 32 Statement?

You’ll need to provide details about the property, especially any building works or renovations you’ve done. Full and accurate disclosure is a legal requirement that protects you as a seller. Let us guide you through exactly what’s needed for a compliant and secure sale.

How long does the selling process take and what happens on settlement day?

Settlement is usually 30, 60, or 90 days after the contract is signed. On the final day, we manage the entire electronic process, we manage all the crucial background tasks, including liaising with your bank to arrange the discharge of your mortgage and coordinating with the buyer’s conveyancer. For a smooth, on-time settlement, contact our expert team.

Can I access the buyer's deposit before the settlement date?

In some cases, yes. This process is known as a “Section 27 Early Release of Deposit,” but it depends on strict legal conditions and the buyer’s agreement. Contact Star Property Conveyancing to find out if this is a possibility for your sale.

Our Selling Process: A Step-by-Step Guide

We provide a clear, structured approach to ensure every stage of your sale is handled with precision and care.

Contact Info

(03) 8905 4270

[email protected]

Mon – Fri 10:00 AM – 5:00 PM

1. Initial Consultation & Document Preparation

We recommend you engage with us as soon as you decide to sell. We will discuss your situation, explain the process, and begin preparing the necessary legal documents, starting with the Section 32 Statement.

2. Preparing the Contract of Sale

Working alongside the Section 32, we will draft the Contract of Sale. This legal document outlines the terms and conditions of the sale, including the price, settlement date, and any special conditions. Having these documents prepared early means your real estate agent can provide them to interested buyers immediately.

3. Supporting Your Real Estate Agent

Once the contract and Section 32 are ready, your agent can begin marketing the property. We work closely with your chosen agent, promptly providing them with all necessary legal documents and handling any legal queries from potential purchasers.

4. Contract Exchange & Deposit

When a buyer makes an offer you accept, we manage the contract signing process. We ensure the contract is correctly signed by all parties and facilitate the payment of the deposit, which is typically held in the real estate agent’s trust account until settlement.

5. Preparing for Settlement

After the contract is signed, we liaise with your bank or lender to arrange the discharge of your mortgage. We coordinate with the buyer’s conveyancer to ensure all parties are ready for the final stage.

6. Settlement Day

Settlement is now conducted electronically via PEXA (Property Exchange Australia). On the settlement day, we represent you in the electronic workspace, ensuring the buyer pays the balance of the purchase price. In return, we authorise the release of the title to them and the discharge of your mortgage. We will notify you and your agent the moment the settlement is complete, authorising the release of the keys to the new owner.

Why Choose Star Property Conveyancing?

Selling your property requires careful legal management. Our experienced team is dedicated to protecting your interests and ensuring a stress-free transaction. We handle the complexities so you can focus on your next move with confidence. Contact us today to get started.

Reach Out To Us

We’re here to help make your property journey simple and clear. Whether you have a question or are ready to get started our friendly team would love to hear from you.

  • (03) 8905 4270
  • Mon - Fri 10:00 AM - 5:00 PM
  • Level 1, 280 Thomas Street Dandenong VIC 3175