Selling property in NSW

If you're planning to sell a property in NSW, it's important to understand the process and your legal responsibilities.

Selling with an agent

When using a licensed real estate agent, you must:

• sign a written agency agreement outlining the agent's services, fees, and estimated selling price
• ensure the agent provides evidence supporting their estimated selling price, based on factors like comparable sales and market conditions
• be aware of underquoting laws, which prohibit advertising a property below the agent's estimated selling price.

Legal requirements

Regardless of your selling method, you must:

• have a contract of sale prepared by a lawyer or a licensed conveyancer before advertising the property
• disclose any known issues with the property, such as defects or encumbrances
• provide necessary certificates, for example, a valid swimming pool compliance certificate, if applicable.

Learn more about:

• the sale process
• selling without an agent
• agency agreements
• property services compensation fund
• underquoting.