REALWorld Law

Sale and purchase

Steps in the transaction

What are the normal steps involved in a real estate transaction?



Following due diligence by the buyer, the sale and purchase agreement is entered into. The purchase price is usually payable once a priority notice of conveyance has been registered in the land register and any other conditions agreed by the parties have been met. After payment of the purchase price, the notary applies for registration of the transfer of ownership in the land register.