6
Close the deal
Our in-house lawyer carries out the necessary checks to confirm ownership verify the existence of a freely transferable title, will review (or draft) a reservation agreement to purchase a property at an agreed upon price. The buyer pays a reservation fee and vendor takes the property off the market for an agreed period of time.
Next step is to draft a contract of sale and execute the payment of the stamp duty. Within 30 days of contract signing, the buyer must pay stamp duty on the contract value as the contract of sales will be registered at the Land Registry Office, which secures said property from being sold to anyone else but the buyer.
Once separate title deeds are ready, the buyer and seller present themselves at the Land Registry office to complete the transfer. If applicable, the buyer pays transfer fees.