Seller Planned Their Next Purchase Using a Clear Net-Proceeds Figure
The client’s situation
A vendor planned to use sale proceeds for another purchase and assumed the contract price, less the agent’s commission, would be available. Mortgage payout, rates, strata charges, tax withholding questions and settlement adjustments materially reduced the expected cash.
How Aquarius Lawyers helped
We obtained payout and adjustment information, identified transaction-specific deductions and prepared an estimated net-proceeds figure that was updated before settlement.
The result
The vendor could plan the onward purchase using a realistic number rather than the headline sale price.
What this story shows
Sellers should budget from net proceeds. Depending on the transaction, deductions may include secured loan payouts, rates and levies, agreed allowances, professional fees and statutory withholding amounts.
This is an approved, anonymised success story about a matter handled by Aquarius Lawyers. It is general information, not legal advice. The facts, contract and law applying to another transaction may produce a different outcome.