Are you aware of the pitfalls of wanting to sell your Management Rights? If you try to sell without property preparation, the contract is likely to fail to settle.
Too many vendors think you can just run an advertisement, wait for the phone to ring, then sign over the contract. But if it was that easy, everyone would do it.
When selling your management rights, you have to be prepared. You need to have documents prepared by an accountant. This helps your broker find a suitable purchaser, helps the bank decide on the best way to finance the deal, and helps the purchaser feel confident that they’ve made a good deal.
And it’s not just the accountant – you’ll have to deal with the purchaser, the vendor, solicitors, the bank, and even the Body Corporate for your building.
Teamwork is key to success – so make sure you find a good broker to sell your management rights.
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