Everything you need to know about Real Estate Victoria & How to Sell My House in VIC:
Can I privately sell my house Victoria? - It is completely legal to sell your own House in Victoria. If you’re at all concerned about this, feel free to confirm it with Consumer Affairs Victoria. Now, with the legal side of things out of the way, let’s discuss the steps to selling your own home in Victoria.
Step 1: Getting your contracts prepared for real estate Victoria:
It's important to ensure you have your contract of sale drawn up by your solicitor or conveyancer before advertising. Your conveyancers will also need to prepare a Vendor’s Statement, this is called a 'Section 32. This includes details of the property title, & outstanding mortgages. It also includes covenants, easements, zoning, outgoings and declaration if located in a bushfire-prone area.
As the owner, you must sign this legal document, and if it is found to be inaccurate or incomplete the buyer can take legal action. They may also back out of the sale of your property, so be sure its accurate.
You'll need to have the Vendor’s Statement available to view at all open for inspections. You'll also need to give a copy to the buyer before the property is sold.
Step 2: Researching & Setting your list price for real estate Victoria
Your list price can not misrepresent the property’s sale price, as this is illegal.
When you're selling your property, the selling price should not be lower than an agent’s estimated price or the lowest amount you're willing to accept.
To research your price, you can:
Research similar sold properties and for sale properties online, e.g. at http://www.realestate.com.au/SOLD
Get a valuation completed from an independent property Valuer.
Or, contact a local agent to Request a property valuation estimate.
Step 3: Holding open homes or private inspections
When you're completing an Open Home, you must provide prospective buyers with a copy of a Due Diligence Checklist These can be found available online via the link below:
Consumer affairs link for but diligence: