Selling the family home
Our consistent advice is to commence the process of selling the family home early – at least 12 months before you expect to sell.
The first step is to get a no obligation valuation of the home plus advice on what repairs and other steps may be required to maximize the sale experience – a fast sale at a responsible price.
The valuation and advice establish a path to prepare the home; you have time to discuss and implement plans.
You will need;
- Title deeds to the property
- A solicitor to develop the contract and conveyancing
- Access to bank accounts to transact money
- Funds to pay for repairs and services
- Agreement with the seller on the decision to sell
- Enduring Power of Attorney to act on behalf of the seller if required
- Preferably, approval by the family to act on their behalf
The typical timeframe to sell a home is:
- Obtain a valuation implement a preparation plan – allow 3-6 months
- Appoint a solicitor and prepare contracts – allow 2 weeks
- Select and appoint a real estate agent – allow up to 4 weeks
- Final preparation of the house for sale – allow 4 weeks
- Sale process – allow up to 10 weeks...Funds available – allow 6 to 8 weeks from sale
Once the sale has been made, you will need to notify:
Starting with
Government Agencies
- Australian Electoral Commission
- Australia Post (redirection of mail)
- Centrelink (if you receive social security benefits)
- Australian Taxation Office
- Electoral Roll
- Roads and Maritime Services (driving licence and car registration)
- Medicare
- Local Council (rates)
- Local library (memberships)
Medical
- Private health insurance
- General Practitioner
- Dentist
- Physiotherapist/chiropractor/osteopath
- Veterinarian
Other
- Family and friends
- Clubs, social groups, supported charities
- Facebook etc.
- Banks, Credit unions
- Insurance (car, home etc.)
- Finance (accountant, financial adviser)
- Lawyer
- Superannuation memberships
- Tolls, E- tags
- Store memberships and loyalty programs
and don't forget :
The valuation and advice establish a path to prepare the home, you have time to discuss and implement plans.
Brian White
Ray White Chairman
12 weeks
Time estimate to complete all of the tasks within this step, including all sub-steps.
