Property Purchase Procedures- Step by step for your property investment -
Step 1 – Check the properties available for sale.
Check out property information through the websites, e-mail news, newspaper etc. provided by the qualified real estate agencies and find out the interesting properties for you.
Step 2 – Contact the real estate agencies.
Make sure with the agents about the properties you are interested in to get more detailed information about the properties, investment details, and purchasing process.
Step 3 – Pay the holding deposit. (If necessary)
If necessary, pay the refundable holding deposit to keep the property you are interested in off the market for some specific period to give you some more time to make a decision.
Step 4 – Find your solicitor to check the contract.
You can ask the real estate agent to find out your solicitor if you do not have. It is extremely important to check the legal documents and contracts with your solicitor. We introduce some English speaking solicitor to work for you.
Step 5 – Sign the sale contract and the other required documents.
If the properties you would like to purchase is new developments, you cannot exchange the sales contract until the development approval is granted.
Step 6 – Pay the deposit. (usually 5% to 10% depending on the type of the property)
Deposits are required after signing the contracts. Deposits are transferred to the vendor, and the deadline for complete settlement is fixed. You usually are given the enough time to organise your finance. Make sure about the construction schedule and progression reports. (in case of new developments)
Step 7 – Proceed registration of title and settlement.
Once the building is complete (in case of new developments), registration of the property will be taken care of by your agent. Normally, settlement balance should be paid to the trust account of your agent.
Step 8 – Find the management company.
All About Furano Management team is available.
Management company handles your property for letting and maintenance.
Step 9 – Time to relax
You are now the owner of property in Furano and check the returns from there time to time.