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What Is the Process Of Buying And Selling ?
There is an involved process when it comes to buying and selling. When buying a property, one must take care and read all contracts carefully so as to not get involved in a messy legal situation. There are many different things that need to be taken care of in order to be able to buy a property. There are inspections that must be made, the property must be approved for sale and the person that is selling the property must be the owner of the property in order to sell it to anyone.
One must also choose the property in question, once that property is chosen then there is paperwork that needs to be addressed so that a person can buy the property in question. As stated above contracts need to be scrutinized, the property must be made ready for sale, the person must have credentials in order to sell the property. The property must be cleared of any liens or debts that must be paid in order to be eligible for sale. The property must be surveyed so that the proper dimensions may be laid and recorded for the record of the deed.
Now on the other hand, when you are selling, there are also processes that you must follow in order to sell. You must be the approved owner of the property for sale. You must also have said property cleared of all financial burdens and the property must be upgraded if an upgrade is needed before you can sell the property. You must list the property with a licensed Real Estate agent and one who is a member of the IEA. You must also contract with the agent and a lawyer in order to process legal paperwork that is related to the sale of the property.
You must have the property clean and ready to be shown. All personal effects must be removed in order to present a house or rental property that is for sale. All permits must be in order for the sale to go through and it must be approved by the agent and other persons. Once this is approved, the sale and contract will then go through. By following this recommendation, you will be able to make a sale more readily and be able to complete said sale with no legal problems.
When buying or selling, the thing to remember is that it takes time to sell a property and certain things must happen in order for a sale to be approved. The same thing does apply for a purchase of property. When planning either a sale or purchase bear in mind that there are fees that will be added to the purchase and selling price that is required by law. Once these contracts are fulfilled then the sale or purchase can go on through. Once it is approved, the contracts are final. So be very careful when perusing contracts for sale or purchase.
Buy, Sell, Rent, Invest, In Singapore
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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