FAQs

FAQs


Q: Why buy or sell with Dowan Properties Ltd?

A: Because we have the experience on lands & developments

Q: Where should i start when buying a property?

A: 1. First is to identify the area you are interested in then sort more   information from us as the agent before doing the due diligence on legitimacy and so on.

A: 2. If you do not have the idea on where and what you want, you can consult us to give you insights then you can choose from there.

Q: When and how should I conduct due diligence?

A: Once you identify your preferred property, you obtain a copy of title and apply for search in the respective Land Registry.

Q: What next after i obtain a clean search?

A: Once the Search is corresponding with the title and free from encumbrances, you can draw an agreement for sale and pay a 10% deposit to the advocate’s clients account.

Q: When should i pay the balance?

A: Once you pay the deposit, the vendor should apply for a Consent to sell from the “Land Control Board” if it’s agricultural land. When the vendor obtains it, s/he should give it to the advocate to enable transfer of land and the purchaser should pay the balance to the advocate’s client account

Q: What other fees am i supposed to pay?

A: The purchaser shall pay stamp duty and registration fee to enable successful transfer.

Q: When should the money be released to the vendor?

A: Once you obtain a title under your name, you authorise release of funds to the vendor

 

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