The real estate agent typically deducts their commission from the deposit held in trust and transfers the balance to you after settlement.
Provide your conveyancer with the latest Council Rates and Water Notices and inform them if these have been paid. This ensures proper adjustment at settlement.
While the buyer is generally responsible for paying transfer duty, you should be aware of any potential liabilities, such as Capital Gains Tax (CGT) or GST, that may arise from the sale.
Disclaimer: Every property transaction is different, and the information provided may not be relevant to your circumstances. By using this site you agree that the information provided is for general purposes only and does not constitute legal, financial, or professional advice.
