Residential Buyer’s Checklist

You are interested in buying a property, what are the steps you need to take to ensure you have everything in place? Here’s a checklist detailing what you need to consider and action when working with Misteph & Co. LTD.


Step 1: Confirm why you want to buy

Are you looking to buy to rent as an investment or secure long term capital appreciation as an end user? Figuring this out will help you select the type of property you wish to buy along with choosing the right location.


Step 2: The range of our sale

If you’re looking at setting up a budget of your property to buy under our services, you need to know that our company deals with clients of 100,000 USD and above.


Step 3: Bank account must be indispensable

For any local or foreigner buyer, it would be of great pleasure if containing a local bank account for easy transactions during the purchase process or after.


Step 4: Know all of the fees

Ask your consultant about all the fees and charges applicable additional to the basic property price advertised. In addition as Misteph & Co. LTD  you will be paying 3% of the final deal pay respective of finishing the signing of the contract or deal.


Step 5: Zone in on the right property

This will depend on a) whether you plan to live in your property long term b) where you really want to live c) what you can afford or d) what’s right for your investment.

Step 6: Make a list of what property features are important for you

Its rare to find perfection, so keep to your list and don’t lose focus of what’s important. Bring a notepad to each viewing, and take photos for reference. Make a snag list to ensure all issues are addressed by the seller.

Step 7: Get organised

Prepare all required documentation that includes the following:

 

For an individual buyer:

1. Identification Documents
2. Signed Buyer Agreement known as Purchase agreement

For a company:

1. Certificate of Incorporation
2. Memorandum and Articles of Association
3. Board Resolution
4. Power of Attorney
5. Signed Buyer Agreement known as Purchase agreement

Step 8: Make an offer

Once you have identified a property you’re interested in, submit your offer to (us) and then we will communicate your offer to the seller.

Step 9: Offer agreed

If your offer is accepted, you’ll need to submit a copy of your passport to your agent to start drawing up the buying process.

Step 10: Understand the terms

Ensure you understand the commitments you’re taking on prior to signing.

Step 12: Register the title at the Land Department

Ask your consultant when you can expect to receive the full title deed, which usually takes a few months to process.

Step 13: Get legal advice

At the stage of drafting the Sales & Purchase Agreement (SPA), consult a lawyer.

Step 14: Payment deadlines

Be sure you can commit to the transfer date and final payment before you make a deposit.