Process of Selling a Your Condo
1.On-Site Property Inspection and Valuation
We will inspect the property you wish to sell, including its interior condition, and review the market prices of comparable properties in the surrounding area.
We will also take photographs of the unit for advertising and marketing purposes.
2.Calculation of Selling Costs and Setting the Listing Price
We will first ask for your desired selling price, then calculate the estimated selling costs and taxes involved in the transaction.
Based on this, we will determine the final listing price together with you.
Once the listing price is confirmed, we will advertise the property on relevant platforms.
Please note that the advertising channels and listing priority will be determined at our discretion.
3.Start of Sales Activities
We will begin marketing the property to our existing clients, and if prospective buyers request a viewing through our advertisements, we will arrange and conduct property viewings as needed.
Before sales activities begin, we kindly ask that:
- the unit key be entrusted to us in advance, or deposited with the condominium management office
- if there is a tenant in the unit, viewing times be arranged in advance
- a copy of the title deed be provided
- the owner’s intention to sell be confirmed
- a copy of the owner’s identification document be submitted
- any furniture or appliances that must be removed before handover be confirmed in advance
4.Contract Signing
If a buyer is found after the viewing and the sale conditions are agreed upon, the transaction will proceed to the contract stage.
At the time of contract signing, the seller will receive an earnest money deposit from the buyer.
The amount of the deposit will be agreed upon before the contract is signed.
Brokerage Fee
At the time of contract signing, 50% of the brokerage fee, or an amount not exceeding the earnest money deposit will be charged.
If the contract does not become valid due to a suspensive condition or other circumstances where neither the buyer nor the seller is at fault, the brokerage fee already paid will be refunded.
However, no refund will be made in the event of:
- contract termination due to default by either party, or
- mutual cancellation of the contract by agreement between both parties
5.Preparation for Ownership Transfer Registration
We will apply for the documents required for ownership transfer registration, which are issued by the condominium management office.
If there are any furniture or appliances that need to be removed from the unit, please ensure that they are removed before the transfer registration date.
6.Ownership Transfer Registration
Our staff will accompany you to the Land Office to complete the ownership transfer registration.
Once the transfer registration is completed:
- the buyer will receive the title documents and the keys to the unit, and
- the seller will receive the cashier’s cheque for the sale proceeds
After the ownership transfer is completed, we can also arrange the transfer of the electricity meter account name to the buyer if a power of attorney is signed.
It is also possible for the seller not to attend the Land Office in person by using a power of attorney.
Once the ownership transfer is completed, the remaining of our brokerage fee will be charged.
This completes the property sale process.
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