Step 1: Hire a real estate lawyer to assist in the transaction.

 

Step 2: Once property is selected, a Letter of Offer or Acceptance is signed, and a 3% deposit is expected from the buyer.

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Step 3: After 2 weeks, the Sale & Purchase Agreement (SPA) will be signed, and the remainder deposit price (7%) paid within the following 3 months.

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Step 4: This purchase agreement is then stamped at the Stamp Office, and the purchase price is verified. The buyer is then liable for stamp duty (up to 3% of the price).

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Step 5: The property’s change of ownership must be registered at the Land Office Registry.

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Step 6: Once you have your key, you’re free to enjoy your new home!