In short, the actual value of the home will be taken into account. Don’t be rigid about that amount (unless it’s the maximum amount you can afford to pay). The first offer is often the basis for starting a negotiation that will lead you to obtain your future ara damansara property.
When the negotiation is concluded, it will be necessary to carry out all the necessary checks, to verify that the ara damansara condominium is in order in all respects:
Town planning aspect: check that no illegal works have been carried out and that the certificate of viability is present:
- Cadastral appearance: check that the deposited floor plan is the same as the current state of the house.
- Structural: make sure that the house and any building to which it belongs do not have structural problems.
These checks are made by a surveyor
Surveys: land registry and mortgage. They are used to verify that the people to whom you made the purchase proposal are really the owners of the house. It is important that all changes of ownership have been recorded correctly, so as to avoid problems that could permanently prevent the sale. These checks are made by the notary BEFORE signing the deed of sale of the house (deed). They are fundamental checks, yet very few real estate agents do them. Make sure you have these checks done before signing the preliminary home purchase agreement (compromise).
Preliminary or compromise signature of the Agreement
Once all the checks have been made, it is time to define the agreements made in more detail. Here we are finally at the signing of the compromise. Here it will be necessary to pay a larger deposit to complete the purchase of your home.
Compromise is the most important contract of the whole home buying process, as it defines all the agreements made up to now. However, the transfer of ownership of the house takes place with the deed (which you will sign in front of the notary).
Finally, the time has come for the old landlord to hand over the keys to you. The ara damansara condo you longed for is now yours. If you had an unprofessional real estate agent by your side in going through these eight steps, you probably have an ulcer and a nervous breakdown ahead of you. If, on the contrary, you have turned to a Real Estate Consultant, you will reach the end of the eighth step without having problems and you will have enjoyed every moment of the negotiation.
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