When it comes to buying or selling property, one of the first questions that comes to mind is who draws up the contract of sale. Generally, it is the responsibility of the seller`s solicitor or conveyancer to prepare the contract of sale.

The contract of sale is a legally binding document that sets out the terms and conditions of the property sale. It includes details such as the agreed sale price, the parties involved, and any special conditions or provisions.

The seller`s solicitor or conveyancer will typically liaise with the buyer`s solicitor or conveyancer to ensure that the contract of sale accurately reflects the terms agreed upon by both parties. Once both parties have agreed to the terms of the contract, they will sign it, and it becomes legally binding.

It`s important to note that the contract of sale is just one part of the property sale process. There are several other steps involved, including conveyancing, property inspections, and settlement.

Conveyancing is the legal process of transferring ownership of a property from the seller to the buyer. It involves a range of tasks, such as conducting property searches, preparing legal documents, and liaising with other parties involved in the sale.

Property inspections are also an important part of the process. Buyers should arrange for a building and pest inspection to identify any issues with the property before they commit to the purchase.

Finally, settlement is the final stage of the property sale process, where the buyer pays the agreed sale price, and ownership of the property is transferred to them.

In conclusion, while the seller`s solicitor or conveyancer draws up the contract of sale, there are several other important steps involved in the property sale process. Buyers and sellers should ensure they have a good understanding of the entire process and seek professional advice when necessary to ensure a smooth and successful sale.