Process of Purchasing 2nd Hand Residential Properties
Purchaser informs agent their preference including district, personal needs, budget and area, etc.
⬩ EAA Form 4 states:
- List of property(ies) arranged for inspection
- Agent’s duties
- Commission amount / rate
⬩ Time for signing EAA Form 4:
- before inspection of property(ies); or
- before signing of PASP (whichever is earlier)
To select desired property
Successful negotiation
Signing of S&P
Normally the total sum of initial and further deposit is equivalent to 10% of the purchase price%
Signing of Assignment