Prepare your sale with clarity.
Selling a property involves more paperwork than most people expect: a Contract of Sale, a Vendor Statement, disclosures and important dates. ALS helps you get the legal side organised, so your sale can move forward smoothly.
The paperwork goes more smoothly when it starts early.
Before a property can be advertised for sale in Victoria, a Vendor Statement (Section 32) generally needs to be prepared. Getting this ready, along with the Contract of Sale, before you list means fewer delays once a buyer is interested.
If you've already accepted an offer and haven't organised these documents yet, get in touch and let ALS know where things are up to.
Getting your sale documents right, from the start.
As the seller, you're required to disclose certain information about the property before it's sold, covering things like title details, zoning, outgoings, easements and any known issues. This goes into the Section 32 (Vendor Statement), alongside the Contract of Sale that sets out the terms of the sale itself.
ALS helps prepare these documents accurately and explains what information is needed from you along the way, so nothing holds up your sale once a buyer is ready to proceed.
- What information you need to provide, and why
- How the Contract of Sale and Vendor Statement fit together
- What buyers and their conveyancers will be looking for
What ALS looks after during your sale
Every sale is different, but this is generally where ALS's attention goes once you've decided to sell.
Preparing your sale documents
The Contract of Sale and Vendor Statement are prepared with the required information, ready for your property to go to market.
Liaising on your behalf
ALS liaises with the buyer's representative once you have a signed contract, keeping the transaction moving toward settlement.
Settlement coordination
Key dates are tracked and the necessary steps (including any mortgage discharge) are coordinated in the lead-up to settlement day.
Selling in different circumstances
Selling for the first time
Never sold before? ALS explains what's needed and when, so you know what to expect at each stage of the sale.
Upgrading or downsizing
Selling and buying around the same time adds extra moving parts. ALS helps keep track of how the timing fits together.
Selling an investment property
The conveyancing steps for an investment sale follow a similar path to a home sale. ALS keeps the legal side on track either way.
Selling with a mortgage in place
If there's a mortgage on the property, it generally needs to be discharged as part of settlement. ALS helps coordinate this with your lender.
From deciding to sell, through to settlement
Preparing to list
ALS helps prepare the Contract of Sale and Vendor Statement, gathering the information required before your property goes to market.
A buyer signs the contract
Once terms are agreed and the contract is signed, ALS reviews the details and lets you know what happens from here.
Conditions and buyer checks
The buyer's side may raise questions or conditions. ALS helps manage this exchange on your behalf.
Preparing for settlement
Any mortgage discharge and other settlement requirements are coordinated in the lead-up to the settlement date.
Settlement day
Ownership formally transfers to the buyer, funds are exchanged, and your sale is complete.
It's normal to have questions.
Most people don't sell property often enough to remember exactly how the process works. Whether you're not sure what a Vendor Statement needs to include, or you're wondering what happens between "sold" and settlement, ALS is happy to explain it in plain language.
Common questions from people selling property
Ideally before your property is listed, since a Vendor Statement (Section 32) is generally required before a property can be advertised for sale. Starting early helps avoid delays once a buyer is ready to sign.
It's a legal disclosure document that sets out key information about your property, such as title details, zoning and any known issues, that must be provided to a buyer before the sale. ALS helps prepare this accurately.
This depends on your property, but generally includes details like your title documents, any building or planning approvals you hold, and information about rates, owners corporation fees (if applicable) and any known property issues. ALS will guide you through exactly what's needed.
Your mortgage generally needs to be discharged as part of the sale. ALS helps coordinate this with your lender so it's arranged in time for settlement.
Settlement timeframes are usually agreed between buyer and seller as part of the contract and can vary. ALS can talk you through what's typical once your contract terms are known.
Settlement is when ownership formally transfers to the buyer and the sale proceeds are released. ALS helps make sure the necessary steps have been completed beforehand so the day goes smoothly.
Ready to prepare your sale?
Tell ALS a little about your property and where you're up to. Seema will explain what's needed next.