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How does it work? What are the steps in the Sellable process?

There are four main steps in the Sellable process:

Step 1: Receive a free quote for your home within 48 hours

  • Tell us a few details about yourself and your home
  • Be assessed by our valuations team to see if we can help in the sale of your home
  • Then, have an independent valuer visit your home at a time convenient for you
  • Receive our Guaranteed Price offer (based on the market value of your home)

Our offer is completely free with no obligations. It’s totally up to you whether you accept our offer or walk away, no questions asked.

 

Step 2: Sign our contract and receive payment

  • Sign our contract (and a few other legal documents)
  • Tell us when you’d like to move out. Your move out date can be between 1 and 7 weeks after signing the contract
  • Your move out date is also the day you will receive your Guaranteed Price payment (less our fees)
  • Complete a VOI (“Verification Of Identity”). This is a standardised process where your identity documents are verified in person, and required by State legislation for all property transactions in Australia
  • Have a building and pest inspector visit your home at a time convenient for you
  • Agree on any repairs required
  • You move out and we complete a final inspection
  • We pay you your Guaranteed Price (less our fees)

 

Step 3: We run a best practice sales process

  • We work with the best local real estate agents to develop a detailed marketing strategy
  • We clean your home professionally, make minor repairs (if necessary).
  • We professionally style it and perform cosmetic renovations (if necessary),  presenting your property in the best possible way to achieve its full potential
  • Together with the agent, we will organise “open for inspection” days
  • We will set an auction date or start negotiating with prospective buyers

 

Step 4: Settlement and potential upside payment

  • Once an offer is received from a buyer and accepted by Sellable, and the sales contract is signed by the buyer, we manage all remaining activities during the settlement period
  • We will also let you know about any additional upside you will receive if the sales price is higher than our guarantee
  • We will keep you informed throughout the process
  • On settlement day, we will pay any additional upside to you (less our commission)
  • Remember: even if we sell it for less than our guaranteed price, you still keep the payment you received when you moved out

 

You can also read more on our “How it works” page.

 

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