|Once found a suitable property, check with own bankers on the market indicative value for the subject property & also own bank loan eligibility.|
|Negotiate for the BEST PRICE!|
Once agreed on the purchase price and the conditions of the transaction, place 3% of the agreed price as earnest deposit for the subject property to the vendor’s (Seller’s) appointed real estate agency and NOT TO INDIVIDUAL (Your real estate agents/negotiators/owners).
|Appoint good & responsible lawyer to represent you as the purchaser to proceed with the Sales & Purchase Agreement.|
|After 15 full working days|
|Sign the Sales & Purchase Agreement and pay the balance 7% of the purchase price.
(*Total has to pay 10% of the purchase price upon signing SPA)
|Your banker will proceed with the financing of your property and at the same time your lawyer will proceed with the transfer of ownership of the property.|
|After 90 days (3 months)|
| Take Vacant Possession of your property
(* If transaction can’t be done within 90 days, in the norm, there will be an extension of another 30 days @ the interest rate of 8% per annum.)