A property purchase should be supported by proper legal and financial review. This article is a practical checklist, not a substitute for advice from a qualified lawyer, tax adviser or financial professional.
Title and ownership
Confirm the ownership chain, encumbrances, disputes, development rights and the identity of the selling party through appropriate professional checks.
Approvals and project documents
For a development, review applicable registrations, approvals, sanctioned plans, delivery terms, specifications and the agreement for sale.
Total transaction cost
Budget for the purchase price, taxes, registration, brokerage, financing costs, interiors, maintenance deposits, utilities and future repairs.
Financing and cash flow
Test affordability under different interest-rate and income scenarios. An attractive property is still unsuitable if its total cost strains your financial plan.
Handover and ongoing obligations
Understand possession, snagging, maintenance, association rules, insurance, parking rights and transfer procedures.
Next step: Tessraya can help coordinate a property shortlist and connect buyers with the appropriate legal and financial review process.
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