PROPERTY SEARCH AND VIEWING
The highly experienced property consultants of Elit Blue are here to assist and guide you during the buying process. We will search the market and present you with opportunities which match your requirements. We will arrange and accompany you to the viewing appointments and assist you with making a property short-list.
NEGOTIATION AND RESERVATION
We will provide you with all the relevant information to make an informed decision. Once decided, our team can assist with negotiating the purchase price.
It is recommended that an independent lawyer conducts, on your behalf, a background land registry and legal search on the property to discover if there are issues which could impede or significantly delay the purchase process.
To reserve an asset, thus effectively removing from the market and allowing time for the completion of the purchase process, typically a reservation fee is required.
CONTRACT PREPARATION AND SIGNING
The lawyers of the buyer and seller will prepare the Sale and Purchase Agreement (SPA) based on the agreed terms. The fully executed contract must be stamped and registered with the land registry. This procedure protects the buyer by ensuring the property cannot be sold to anyone else or used as collateral by the owner to get a mortgage until the title deeds is issued in your name.
COMPLETION & TRANSFER OF TITLE DEEDS
Title deed transfer happens at the land registry, where the buyer must pay property transfer fees (based on the asset value).
If you are buying an off-plan or newly developed property, the title deed is not issued upon completion of the property but at a later date when the property developer completes the subdivision of the project through the land registry office.