CPPREP4105 Sell Property

Get Expert's Help on Scenario: Provide Information to Client

ASSESSMENT TASK 3 – Scenario: Provide Information to Client

You have just negotiated the sale of a property with all terms and conditions and price agreed upon. The vendor has asked you, "what happens next?".

You are to:

  1. explain the process to them in full including all statutory and general requirements for the smooth completion of the sale process.
    1. The explanation may be completed in a 1 page or more report, a 1 page or more letter to the vendor or a flow chart.
  2. Outline the process of completion of sale including any advantages and disadvantages of processes where applicable.

Your response should cover the following points:

  1. Contract process
  • employing a conveyancer/settlement agent
  • preparation of contracts
  • signing of contracts
  • executing contracts
  • receiving the deposit monies
  • the cooling-off period
  1. Settlement process
  • what is settlement?
  • when does it occur?
  • purchasers right to final inspection prior to settlement
  • vendors and purchaser’s responsibilities prior to settlement (including building and contents insurance)
  • holding the deposit monies
  • what happens if settlement doesn’t occur
  • releasing the key to the property
  • authorised agency disbursements
  • how agency fees are calculated
  • account sale statement
  • releasing the deposit monies, including before settlement (Section 27 Sale of Land Act 1962).
  • Any other detail relevant to the effective and legal completion of the sale.

Hire an Expert Tutor for this Answer

Hire Expert Tutors

Get Professional Tutoring at Low Price in Australia


Professional

Tutoring Services

25,187+

Orders Delivered

4.9/5

5 Star Rating

621

PhD Experts

 

Amazing Features

Plagiarism Free

Top Quality

Best Price

On-Time Delivery

100% Money Back

24 x 7 Support

TOP