Buying and selling property

π Agreement of Purchase and Sale (APS): Buyer makes an offer, seller reviews and negotiates terms until both agree and sign a legal contract outlining the price, terms and timelines.
π° Financing and Mortgage: Buyers arrange mortgage approval and secure financing, while sellers may need to settle existing loans.
π Home Inspection and Appraisal: Buyer performs due diligence β inspects the condition of the property and confirms the price. If any issues are found further negotiations or repairs may be needed.
π Legal and Documentation: Both parties prepare and verify documents including the property deed, title and any required disclosures. An attorney or notary often manages this process.
π Due Diligence: Buyers check insurance, zoning, and any planned renovations or restrictions before finalizing the deal.
π€ Negotiation and Final Offer: Offers and counter-offers may be exchanged until both parties agree on the final terms.
ποΈ Closing: On the agreed date, legal ownership and keys are transferred from the seller to the buyer. Payment is completed, closing costs are settled, and the deed is registered with the authorities.
π Move and Handover: The seller vacates, the buyer takes possession, and both complete any remaining obligations, such as utility transfers or a final walkthrough.