How is the real estate agent's commission handled?
The real estate agent typically deducts their commission from the deposit held in trust and transfers the balance to you after settlement.
What do I need to provide regarding rates and utilities?
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.
What are my responsibilities regarding transfer duty and taxes?
While the buyer is generally responsible for paying transfer duty, you should be aware of anypotential liabilities, such as Capital Gains Tax (CGT) or GST, that may arise from the sale.
