Realtors (International) Limited - Real Estate Brokerage, Consultancy & Advisory Services
Monday, February 6, 2012
 
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Processes in the Sale of a Property

  1. Taking instructions from the Vendor.
  2. Taking details from the Purchasers.
  3. Obtaining a copy of the Certificate of Title.
  4. Doing a caveat search.
  5. Preparing the Agreement for Sale and submitting same to the Purchaser's Attorney and in some instances, the Vendor, before submitting same to the Purchaser's Attorney.
  6. Settling differences before the finalization of the Agreement.
  7. Finalization of the Agreement and providing copies to the parties of the Agreement.
  8. Sending the Agreement to the Stamp Office and obtaining a tax certificate and up to date water rates receipt.
  9. Checking with the mortgage company to obtain a mortgage commitment.
  10. Writing to the company holding the security to obtain the Certificate of Title and Discharge of Mortgage.
  11. Preparation of statements of account for the Vendor and Purchaser.
  12. Preparation of the transfer.
  13. Cross-stamping the transfer.
  14. Obtaining a letter of undertaking from the firm responsible for registering the mortgage.
  15. Sending documents to the Mortgagor's Attorney.
  16. Preparing, stamping and registering the mortgage with the transfer.
  17. Submitting documents to the Titles Office.
  18. Collecting the relevant Certificate of Title.
  19. Submitting the same for payment.
  20. Preparation of final accounts.
  21. Paying off the mortgage, utilities if any and balance of sale price the Vendor's Attorney.