Once a contract of sale has been executed by the buyer the seller(s) will sign the contract.
If a real estate agent is acting for a seller, they will prepare the contract of sale. A conveyancer could also prepare the contract of sale.
There are a range of contracts that can be used for the sale of land in SA. They are similar but have different clauses. The contract chosen will often depend on who is creating the contract.
If a real estate agent is creating the contract they will use a REISA contract. If a conveyancer is preparing the contract they will use an AICSA Contract and if a lawyer is preparing the contract they will use a Law Society of South Australia Contract for the Sale of Land.
There is also a standard form Contract for the Sale of Residential Property prepared by the Society of Auctioneers and Appraisers (SA) Inc.
Fixtures, fittings and special conditions
An important matter a contract for the sale of land deals with is what is and what is not included in the sale. The contract may also be made subject to the satisfaction of certain conditions.
Watch this short video that discusses these topics.
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