Preparation of Private Contracts
If you are selling your home and have found a buyer, without having to list your property for sale with a Real Estate Agent, your Conveyancer can prepare a private contract. Along with preparing the contract, your Conveyancer will issue all the necessary documentation to both you and your purchaser, to complete the transfer of the property.
Private contracts involve not only the preparation of the contract, but the searching and preparation of the Form 1 (cooling off rights). As required under the Real Property Act, the Form 1 is to be presented to the purchaser.
When you sell a property privately it is extremely important that the procedures, as set out under the Real Property Act, are complied with to ensure the transaction is legal.