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Selling Property (Conveyancing) @ Virtual Legal

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It’s time to sell your property and you’re wanting the process to be easy to follow and cost effective, but you don’t want to risk handling it yourself and missing a right or opportunity, or having the contract terminated and winding up in court.

There are certain disclosures you may need to make in the contract depending on the type of property, what State and region you are in, any encumbrances etc so it is best to have us prepare and/or review your contract before signing to ensure the buyer cannot easily terminate

Knowing you have direct access to a lawyer at all times and are kept well informed through the online portal, takes selling your property easy. A stress-free transaction for you is a win for us, so your happiness is our highest priority.

Even if you decide to self-act, there are individual services we can offer to move you through the process, and our Learning Centre provides a wealth of information on selling property and other related topics – all at no cost. 

Virtual Legal

Selling Property (Conveyancing) Pricing

Contract preparation and conveying residential, commercial, off-the-plan, vacant land, units and townhouses.

Sale of Residential Property

$797.00

+ GST per Property
  • Review Contract of Sale and Draft Conditions
  • Provide Advice on Contract
  • Critical Dates i.e. Finance, Building & Pest, etc
  • Discharge Mortgage/s & PPSR Charges
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you.
Sale of Residential Property & Purchase of Another Property

$1597.00

+ GST per Property
  • Sale of Residential Property Package plus
  • Purchase of Residential Property Package plus
  • Draft special conditions to ensure Purchase Contract is subject to the Sale Contract proceeding
  • Advice on Critical Dates and managing any extensions across both transactions
  • Arrange for Settlement funds from Sale to be paid directly to the Purchase transaction
  • Work with solicitors on both transactions to book in one simultaneous settlement date and time
  • Attend Settlement & Pay out Agent, Loans and Authorities
Sale of Commercial Property

$997.00

+ GST per Property
  • Review Contract of Sale and Draft Conditions
  • Provide Advice on Contract
  • Critical Dates i.e. Finance, Building & Pest, Due Diligence, etc
  • Discharge Mortgage/s & PPSR Charges
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you for your tax return.
All prices are GST exclusive. If you require any searches or other disbursements, we will advise and add these as necessary.
Virtual Legal

Selling Property (Conveyancing) Frequently Asked Questions

Contract preparation and conveying residential, commercial, off-the-plan, vacant land, units and townhouses.

If you want to minimise cost and think you can find your own Buyer, then you can try to sell your property yourself. If you do this, then we will need to create the Contract of Sale for you, which we will do for just $197 + GST. If you are selling a unit or townhouse, you will also need to have a disclosure statement which we can arrange for you. These generally cost around $150-200 as a direct cost from the body corporate searching agent.
If you do not have a simultaneous transaction (i.e. you’re not also purchasing another property) then the only likely delay in your transaction will be having your mortgage/s released and the Buyer arranging their finance. The standard time is 30 days in Queensland contracts and this tends to be more around the 45-60 days in other States. We can work as quickly as you need us to, so if you have to settle the property sooner than anticipated we’ll try to push things along with the other side and your financier.
It is important that you disclose certain things about the property in the Contract of Sale otherwise the Buyer may be able to terminate for non-disclosure. One of these for example is contaminated land and items that may show up on the title search, so we recommend you do a contaminated land search (around $60) and it is mandatory to do a title search ($24).
Yes, we will need to investigate what the caveat has been registered on the property for, and we will open a separate legal file for removal of the caveat. Where the caveat has lapsed, this will be simple enough for us to remove with a few documents prepared and lodged with the Land Titles. However, if there is still an ongoing issue and the Caveat is non-lapsing, then you may need to wait until that issue is sorted out so that the Caveator (person who put the caveat on) releases it. You cannot sell the property with a caveat on I, as the caveat freezes the title so it can’t pass to the Buyer.
No, we can manage the entire transaction working with you via telephone, email and teleconference/webcam if you would like to have a face-to-face meeting. This saves you time, and also saves money not having to pay for inner city parking. You can just post any original documents to Level 54, 111 Eagle Street, Brisbane QLD 4000, email us at admin@virtuallegal.com.au or call on 1300 550 150.
We recommend that you do this as soon as possible as it can take them several weeks to get ready. In any event, we will remind you once the property goes unconditional.
We’ll need a copy of your identification i.e. Driver’s License and Passport if possible, plus your address, email and phone number, to set up our electronic file. Once the Contract is provided by the Agent, we’ll review it to make sure the property disclosures are made. If you’re not using an Agent, we’ll take care of the disclosures for you, once you provide the property details.

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Virtual Legal is a fixed fee online law firm using state of the art technology to provide you with legal solutions and manage your legal transactions. Virtual Legal was created to provide access to legal services to consumers regardless of where they live or what they earn.