Steps in the Selling Process:
We can review your contract before signing should you be selling privately. Or, we can complete the Contract for you at no extra cost;
You advise your Real Estate Agent of your choice of Settlement Agent – Floreat Settlements.
WHEN WE RECEIVE THE CONTRACT
We advise Buyer's agent that we are acting on your behalf at settlement;
We search the title and check on any encumbrances i.e. mortgages etc;
We then send to you Interim paperwork including a Discharge Authority should you have a Mortgage;
We follow up and check on the Buyer’s finance approval.
WHEN FINANCE IS APPROVED
We instruct Bank to prepare the Discharge of Mortgage or you forward Original Certificate of Title to Floreat Settlements by Registered Mail (if no mortgage);
You arrange to complete any conditions on the contract that you are responsible for eg repairs, painting etc;
We prepare an Preliminary Settlement Statement and forward to you and your bank.;
You sign & return the Transfer of Land when forwarded to you & provide us with details of where you want any surplus funds to go i.e. deposited into bank or Bank Cheque posted to you;
You ensure that everything in the house is in good working order for the buyer’s pre-
ONE WEEK BEFORE SETTLEMENT
The settlement date to be checked with Floreat Settlements. Then arrange a removalist. (If you live in the property it must be vacated, at the latest, by noon the day after settlement. If the property is vacant or tenanted the buyers are entitled to possession as soon as the settlement occurs);
You request disconnection of power, gas, internet and telephone services;
We liaise with your Broker or Bank to make sure they are ready for settlement;
We prepare a Final Settlement Statement and adjust council rates, water rates, land taxes, and strata levies (if applicable);
We book settlement with the Buyer’s agent and your Bank and advise you of time and date of settlement.
We attend settlement on your behalf, pay out the mortgage (if applicable) and distribute surplus funds in accordance with your instructions. Note that cheques will take 3 – 5 days to clear;
We notify you as soon as the settlement has taken place. Congratulations!;
We notify the Real Estate Agent that settlement has taken place and to hand over keys to new owner.
We prepare and send you a final letter and statement confirming settlement;
You advise others of your change of address & recommend “Floreat Settlements" to your family & friends;
We conduct a final search 3-
Thank you for your business and we look forward to being of assistance to you again in the future.