Vendor

What is a vendor?

In the context of real estate, a vendor simply refers to a person selling a property. A vendor will typically work with a real estate agent to achieve a successful sale. 

Can you sell your house by yourself as a vendor? 

It's possible to sell your house by yourself. With this said, it can be a big job as you'll need to handle tasks like advertising, showing the house, negotiating with buyers, and dealing with paperwork. 

That's why many prefer to work with a real estate agent as they have the experience and know-how to make the process easier and get you the best deal. 

What is a vendor’s statement? 

A vendor's statement, also known as section 32, is a document that provides important information about a property for sale. It includes details that might not be obvious from just looking at the property, like any legal issues or restrictions. 

If you're thinking about buying a property, it's essential to have the vendor's statement reviewed by your own legal advisor or conveyancer to make sure you understand everything before you sign a contract to buy the property.