Buying and selling property

Buying and selling property

πŸ“ 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.

πŸ’° Financing and Mortgage: Buyers arrange mortgage approval and secure financing, while sellers may need to settle existing loans.

🏠 Home Inspection and Appraisal: Buyer performs due diligence – inspects the condition of the property and confirms the price. If any issues are found further negotiations or repairs may be needed.

πŸ“‘ 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.

πŸ” Due Diligence: Buyers check insurance, zoning, and any planned renovations or restrictions before finalizing the deal.

🀝 Negotiation and Final Offer: Offers and counter-offers may be exchanged until both parties agree on the final terms.

πŸ—οΈ 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.

🚚 Move and Handover: The seller vacates, the buyer takes possession, and both complete any remaining obligations, such as utility transfers or a final walkthrough.

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