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Private Sales6 min readFull guide
What are the risks of selling property privately?
Private sale can save commission, but unstructured private sales create serious legal and financial risks. Know them before you proceed.
Top private sale risks
- Poorly drafted OTP, missing suspensive conditions, vague fixtures lists, no compliance requirements
- Inadequate buyer screening, buyers who cannot get bond approval waste months
- Pricing mistakes, overpricing without market data or underpricing without negotiation
- Document gaps, missing FICA, disclosure, building plans or compliance certificates
- Transfer delays, no professional chasing the process
- Disputes at handover, fixtures, defects and occupational rent disagreements
How to reduce risk
- Have your OTP prepared or reviewed by a conveyancer
- Verify buyer's bond pre-qualification before accepting
- Complete seller disclosure honestly
- Order compliance certificates early
- Use a structured support service, not a generic template
Assess your readiness: Private Sale Readiness Quiz · Explore support: Private Sales
This guide is for general information only and does not constitute legal advice. Consult a qualified conveyancer or attorney for advice specific to your situation.
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