Help guide

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Contract Exchange

Once an offer (price and conditions) have been accepted, contracts must be exchanged between the buyer (Green Goose Investments) and the seller (you). 

In Queensland, the buyer (Green Goose) and the seller (you) sign the same contract. 

Contracts are usually arranged by a conveyancer.

A conveyancer is licensed professional who specialises in providing advice and information about the sale of a property. They generally help with all associated documents, searches, contract exchanges and the actual settlement. For a sale of a house, the fees are usually around $1000 in Queensland.

What Is Included in a Contract of Sale?

A Contract of Sale (in Queensland) usually contains the following information:

· The Selling Agent:  

If you are selling privately and directly to Green Goose, there will be NO selling agent. This means you avoid between 2-5% of the sales price to commissions, on top of the advertising, photography, copyrighting and media costs you will pay.

· The Purchasing Party:

Green Goose Investments.

· The Seller’s Name:

You.

· The Property Price:

The agreed upon price between you and Green Goose.

· The Initial Deposit:

This is a small down payment (paid to you by Green Goose) as a display of honest intent to buy the property. This money is held by a solicitor and is paid at the time the Contract of Sale is signed by the buyer. The initial deposit is included in the total agreed upon price.

· Payment Terms and Conditions:

This outlines if the buyer needs finance (a home loan) and if so, who through.

· Property Address:

The address of the property you are selling.

· Improvements to the Property:

Improvements are the structures that have been built on the land. This is where we specifically list what you are buying, for example a House, or Home Unit, a Garage or Carport. If you are buying vacant land, this will also be stated in this section.

· Any Exclusions from the Sale:

Exclusions are a list of anything that you specifically want taken off of the property before it becomes yours. Examples may be an aviary in the yard or a built in workbench in the garage if you plan to use that space for something else. Green Goose WILL NOT seek exclusions.

· Anything Inclusions in the Sale:

Inclusions are a list of all the items in the house that you expect to remain in the property when you take ownership. Standard inclusions noted on the Contract are blinds, built-in wardrobes, clothes line, curtains, dishwasher, fixed floor coverings, insect screens, light fittings, range hood, stove, pool equipment and TV antenna. Some other common examples are air conditioner, ceiling fans, gas heater, security system etc.

· The Cooling Off Period:

With most residential property transactions, the cooling-off period lasts five business days from when you received the contract, ending at 5pm on the fifth day. If you decide to back out of a sale in this time, the seller then has to return the initial deposit.

· The Intended Property Settlement Date and Period:

In Queensland this is usually between 28 and 45 days. This is the date when all the money owing is exchanged, and the buyer takes ownership of the property.  Green Goose will already have loan approval, so if you want to sell your house fast, we can make that happen. 

· Smoke alarm and Pool Compliance:

Are smoke alarms fitted? Is the pool compliant?

· Date of Offer:

When the buyer signed the contract.

· Title Information:

This gives the required information to the Queensland Titles Office.

· Encumbrances 

Does the seller have a mortgage on the property?

Contracts can seem daunting for those unfamiliar, but they are essentially a list of all the things that the buyer (Green Goose) and the seller (you) agree on.  If you have any concerns, ask Green Goose to help or seek advise from a trusted person and or a solicitor.

Remember, Green Goose want to buy your house as much as you want to sell it.

Sell my house fast = Green Goose Investments.

Green Goose Investments

Redcliffe, Queensland, Australia

Luke - 0435 845 755 

greengooseinvestment@gmail.com

Sell my house fast = Green Goose.

We Buy Houses.