How to sell a unregistered land

Discussion in 'The Buying & Selling Process' started by Maneesh Chopra, 3rd Jan, 2017.

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  1. Maneesh Chopra

    Maneesh Chopra Member

    Joined:
    3rd Jan, 2017
    Posts:
    10
    Location:
    Sydney
    I put a 10% deposit on a land from a developer few months back.
    And the contracts were signed at that time.
    Developer advises me that the land will be ready for registration in couple of months.
    I would like to know if I can sell the land now if I wanted and what will be the procedure.
     
    Maneesh Chopra, 3rd Jan, 2017
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes
    Find a buyer - as per normal
     
    Terry_w, 4th Jan, 2017
    #2
  3. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

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    25th Jun, 2015
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    Location:
    Melbourne
    The contract will state if you are permitted to sell prior to settlement. Nominating someone to purchase the property instead of you should be fine, but you might need to pay the vendor a fee. Check the contract. Your solicitor / conveyancer can advise you.
     
    KateAshmor, 5th Jan, 2017
    #3
  4. larrylarry

    larrylarry Well-Known Member

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    Where's your land? ;)
     
    larrylarry, 5th Jan, 2017
    #4
  5. Maneesh Chopra

    Maneesh Chopra Member

    Joined:
    3rd Jan, 2017
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    Location:
    Sydney
    Hi Larry...it is in Sydney
     
    Maneesh Chopra, 6th Jan, 2017
    #5
    larrylarry likes this.
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