The process of purchasing a property spells out as below.
1. Select a property to purchase.
2. Sign Letter of Offer/ Acceptance.
3. Pay a 2% or 3% earnest deposit of the purchase price.
4. Hire a lawyer/ solicitor.
5. Sign the Sales and Purchase Agreement (SPA).
6. Owner/ Seller signs Letter of Offer/ Acceptance.
7. Pay the remaining 7% to make up the required 10% down payment.
8. Get SPA stamped and pay stamp duty.
9. Register transfer at the land office registry.
10. Congratulations! You are now a property owner!
11.Vacant Possession of the property.
1. Select a property to purchase.
2. Sign Letter of Offer/ Acceptance.
3. Pay a 2% or 3% earnest deposit of the purchase price.
4. Hire a lawyer/ solicitor.
5. Sign the Sales and Purchase Agreement (SPA).
6. Owner/ Seller signs Letter of Offer/ Acceptance.
7. Pay the remaining 7% to make up the required 10% down payment.
8. Get SPA stamped and pay stamp duty.
9. Register transfer at the land office registry.
10. Congratulations! You are now a property owner!
11.Vacant Possession of the property.
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