Pannu Lawyers Step-by-Step Guide to Conveyancing Process for Vendors in New South Wales

conveyancing for vendors

Initial Consultation

1. Meet with Your Lawyer:

Schedule an initial consultation with Pannu Lawyers to discuss your intentions to sell the property. Provide all necessary information about the property and any existing mortgage details.

2. Engage Services:

Formally engage the services of Pannu Lawyers by signing a retainer agreement.

Preparation of Contract for Sale

1.Property Documentation:

Your lawyer will gather all necessary documents related to the property, including the title deed, searches from the land registry, planning certificate and water diagrams.

2.Draft Contract:

Pannu Lawyers will draft the Contract for Sale, ensuring it includes all required statutory disclosures and special conditions.


Review the draft contract and discuss any specific terms or conditions you wish to include.

Marketing and Negotiation

1. Real Estate Agent:

If you haven’t already, appoint a real estate agent to market the property.

2. Marketing Campaign:

Begin the marketing campaign to attract potential buyers.

3. Negotiations:

Work with your real estate agent and Pannu Lawyers to negotiate offers from potential buyers.

Exchange of Contracts

1.Acceptance of Offer:

Once an offer is accepted, the buyer’s solicitor will review the Contract for Sale.

2.Sign Contracts:

Both parties will sign the contracts. The contracts are then dated, and the buyer pays a deposit, typically 10% of the purchase price. It is also common to exchange the contract by paying 0.25% and balance to be paid upon expiration of cooling-off period (if applicable).

3. Exchange of Contracts:

The signed contracts are exchanged between the buyer’s and seller’s lawyers, making the agreement legally binding.

Pre-Settlement Period

1.Conditions Precedent:

Ensure any conditions precedent (e.g., pest and building inspections) are satisfied.

2. Mortgage Discharge:

If there is an existing mortgage, Pannu Lawyers will liaise with your lender to arrange for the discharge of the mortgage.

3. Prepare for Settlement:

Finalise any outstanding issues and prepare for the settlement. Your lawyer will also prepare a settlement statement outlining all financial aspects of the transaction.


1. Settlement Date:

On the agreed settlement date, the buyer pays the remaining balance of the purchase price.

2. Transfer of Ownership:

Pannu Lawyers will facilitate the transfer of property ownership to the buyer. This includes transferring the title and ensuring the mortgage is discharged.

3. Handover of Keys:

Once settlement is completed, you hand over the keys to the new owner.


1. Final Documentation:

Pannu Lawyers will provide you with final documentation, including the settlement statement and confirmation of the discharge of the mortgage.

2. Completion:

The process is completed, and you have successfully sold your property.

Additional Considerations

1. Legal Advice:

Always seek legal advice specific to your circumstances throughout the process.

2. Tax Implications:

Consider any tax implications, such as capital gains tax, and seek advice from a tax professional if necessary.

3. Costs:

Be aware of all costs associated with selling your property, including legal fees, real estate agent commissions, and any other disbursements.

This guide provides a comprehensive overview of the conveyancing process for vendors as managed by Pannu Lawyers, ensuring a smooth and legally sound transaction. Throughout the conveyancing process,

Pannu Lawyers will provide expert advice and guidance to ensure a smooth and successful transaction for the vendor. If you are selling a property in NSW and looking for a reliable solicitor to assist you with preparing the contract, contact Pannu Lawyers on 02 9920 1787.

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