South Australian Consumer and Business Services provides information on their website for those who choose to sell their home or property without an agent. This information confirms that any home owner in South Australia is well within their legal rights to sell their home privately.
The most important issue to cover is seeking legal advice from a solicitor or conveyancer BEFORE you list your home or property for sale. You will see that you will have to carry out searches (see below) and complete a Form 1 ‘Vendor’s Statement’. Your solicitor or conveyancer will be well aware of this legal requirement and are there to guide you in this regard.
The SA Consumer and Business Services suggests that Private Home Sellers follow these guidelines:
The Real Estate Institute of South Australia (REISA) does not offer any specific advice regarding Selling a Home or Property Privately, but does offer some information and tips on the steps in the selling process, under the services of an agent.
It is important to note that the individual, State by State, Real Estate ‘Institutes’ (e.g. REISA) are industry-based bodies who support Real Estate brokers/agents in the areas of training, advice, dispute resolution, Government advocacy, compliance and general support. Laws involving the transaction of property (contractual obligations etc) are set down in individual State Statutes and Acts – enacted by the State Governments and enforced by each of the State Offices of Fair Trading or Consumer Affairs etc., not the Real Estate Institutes.
We encourage you to visit the Consumer and Business Service website for any updated or additional information about selling your own home, or contact them directly:
Phone: 131 882