Hi all,
I am in the process of selling my property to my parents at market value. We have agreed on the price and have the cash available. As I still have a mortgage, my parents is planning to get a bank cheque to pay off the loan.
What is the process of here on in? Do I need a contract of sale for this instance? Or can I just goto a settlement agent to get the title transferred across? Looking to hear some thoughts as I am not keen to go through a real estate agent just to get a contract of sale drafted out.
Thanks.
I am in the process of selling my property to my parents at market value. We have agreed on the price and have the cash available. As I still have a mortgage, my parents is planning to get a bank cheque to pay off the loan.
What is the process of here on in? Do I need a contract of sale for this instance? Or can I just goto a settlement agent to get the title transferred across? Looking to hear some thoughts as I am not keen to go through a real estate agent just to get a contract of sale drafted out.
Thanks.