Document background
The Sell By Owner Purchase Agreement is designed for use in Australian property transactions where sellers choose to conduct the sale process independently, without engaging a real estate agent. This approach has become increasingly popular as property owners seek to reduce transaction costs while maintaining full control over the sale process. The agreement includes all essential elements required by Australian property law, including property description, price, settlement terms, and statutory disclosures. It provides comprehensive protection for both parties while ensuring compliance with relevant state and federal legislation. The document is particularly valuable in private property sales, covering residential properties, vacant land, and investment properties. It includes provisions for property inspection, title transfer, settlement procedures, and default remedies, while allowing customization through special conditions and schedules to address specific transaction requirements.
