This is usually completed around

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But don’t worry. Your home’s value rarely changes after the buyer’s loan is approved. 3) Wait until the transfer of ownership is complete. The transfer period depends on the complexity of the case and the type of home ownership. As I mentioned at the beginning of the article, the transfer of property that has an individual or strata title with ownership can be: Freehold without restrictions: can be completed within 90 working days from the sale and purchase agreement date.


Leasehold: 6 months from the date of the purchase agreement. canada whatsapp number database The transfer process can be slower if: The house is of the master title type, where the developer is bankrupt. The property title still needs to be perfected. The property has other restrictions, such as low-cost housing or Malay reserve. The buyer or owner uses an LPPSA loan. 4) Handover of keys The lawyer will contact you at the end of the sales process to vacate the house.


They will also get the latest utility bills to calculate the net sales proceeds. Check the calculation and ensure it is correct. Remember to close all utility accounts. Then hand over the keys to the buyer. Congratulations on successfully selling your house! Common Property Sale Issues 1) Loan Mark-up Some purchasers might use the ‘mark-up’ strategy to secure a larger loan. They use this method to cover the costs of deposits and legal fees or to obtain additional cash.