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What is a Contract of Sale?

A Contract of Sale is a legally binding agreement outlining the terms of the real estate transaction. This legal document is essential to the conveyancing process.

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What is included in a Contract of Sale?

If you have inspected the property you’re interested in purchasing, don’t assume everything you saw is part of the property’s sale. The Contract of Sale will include these details:

  • Conditions of the sale, such as finance, building and pest inspections and any other conditions outlining what the parties are subject to or agree
  • the names of the vendor and purchaser
  • the property’s address
  • the amount of deposit that must be paid
  • the sale price of the property
  • the date of the property settlement
  • whether the property will be available as a vacant possession, or if it is subject to a lease.


Who signs the Contract of Sale first?

The buyer usually signs the contract first as a formal offer to purchase.

From the moment a buyer signs the contract, it becomes a legal and binding document.

The seller will then sign as an acceptance of the offer.

However, before you sign anything, it is important to have the Contract of Sale reviewed by a professional who knows how to read the fine print.

Settle Easy’s expert property conveyancers are ready to answer any conveyancing related questions you have. We offer conveyancing services throughout Australia, from Victoria to Queensland, New South Wales to Western Australia, South Australia to Tasmania.

Settle Easy’s team of local conveyancers are the experts at reading the complexities of contracts and providing you with a review. We offer a free contract review so you know what you’re getting. To receive your free contract review, follow the prompts below to get the ball rolling.

What our customers are saying

Ryan Slaviero
Ryan Slaviero
Assisted us with purchasing our first home, fantastic from start to finish. Incredible transparency and quick responses. Made the stressful experience enjoyable! More specifically a thanks to Ziya.
Matt
Matt
Ziya is expectionally friendly and professional. He helped me throughout the settlement process, and successfully advocated for my best interest. I would recommend Settle Easy to anyone!
Amanda S
Amanda S
Me and my partner want to thank Ziya. When we started looking for properties, Ziya was very quick in reviewing the contracts of sale, providing advice and making sure we understood the whole process. We have just bought our first property, everything went smooth and he dealt with everything professionally. Any questions we had he would always be quick to respond and made sure we were not stressing. Would highly recommend Ziya at Settle Easy and have referred a few friends. Thank you again!
Liz Mccabe
Liz Mccabe
Great service from Settle Easy.Thanks to Natalie& Team.Very efficient service.Every question dealt with quickly and confidently . Highly recommend,Thanks Guys.
Karen Ornopia
Karen Ornopia
As a first home buyer, we had an amazing experience with Settle Easy. The journey started back in Aug. 2021 with Jelena and our account was then handled by Samantha & Natalie recently. Free contract review, prompt email/call response, sound portal interface were the highlights that I share to some friends in the future.
Will Richards
Will Richards
I had a seemless experience as a first home buy with Settle Easy. The free contract review was a useful tool and Natalie guided me through the entire process. I've recommended to a few friends.
David Oxnam
David Oxnam
We purchased interstate and off the plan and found Settle Easy very helpful. In the pre purchase due diligence we escalated and sought help from a senior consultant and got sound and thorough advice. The web site is a great tool and settlement went without a hitch with strong support from Natalie and Samantha even over the Christmas break. We recommend this service as cost effective, tech savvy, and professionally sound. David and Kathryn
Elisa King
Elisa King
Sam was a delight to deal with throughout the sale of my investment property. She was a true professional, the Settle Easy digital platform that manages your documents made it super easy as everything was in one place. I'd highly recommend Sam at Settle Easy.
anuwinder kaur
anuwinder kaur
Highly recommend Settle Easy. Had amazing experience and special Thanks to Dishani🤩

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