Seller Checklist
Step 1: Be aware or time frame:
The entire selling process will take at least six weeks, once you have an agreed buyer.
Step 2: Market your property:
Find a buyer and prevent void periods by marketing your property across a wide range of Climax Rwanda’s media platforms.
Step 3: Make your property stand out:
First impressions count, so showcase your property in the best possible light to attract buyers. Climax Rwanda will assist you in doing that.
Step 4: Understand your price:
Understand at what price properties similar to yours are selling for. Remember that prices advertised and prices sold at are different. Set realistic prices to avoid delays on generated
Understand at what price properties similar to yours are selling for. Remember that prices advertised and prices sold at are different. Set realistic prices to avoid delays on generated
Step 5: Be flexible with viewings:
Be flexible with viewings Ensure flexibility of viewing timings to increase the speed of the selling process.
Be flexible with viewings Ensure flexibility of viewing timings to increase the speed of the selling process.
Step 6: Organize your paperwork:
Prepare the necessary documentation. This includes the Sales & Purchase Agreement (SPA), the title deed, floor plans and a location map.
Prepare the necessary documentation. This includes the Sales & Purchase Agreement (SPA), the title deed, floor plans and a location map.
Step 7: Pay off your mortgage:
Produce a liability letter from the bank that you have the mortgage on your property with. Once you do, the buyer’s bank will then arrange to pay off your mortgage. You may be asked to sign a few documents pertaining to authorising your bank to accept the settlement of the loan and instructing the bank to release the property documents once the mortgage is settled. The buyer’s bank will pay off the mortgage while your bank issues the clearance documentation.
Produce a liability letter from the bank that you have the mortgage on your property with. Once you do, the buyer’s bank will then arrange to pay off your mortgage. You may be asked to sign a few documents pertaining to authorising your bank to accept the settlement of the loan and instructing the bank to release the property documents once the mortgage is settled. The buyer’s bank will pay off the mortgage while your bank issues the clearance documentation.
Step 8: Transfer your ownership:
You would then need to meet with the buyer, the buyer’s bank, agent and the mortgage consultant at the developer’s office (if it is a property under construction) to initiate the transfer.
You would then need to meet with the buyer, the buyer’s bank, agent and the mortgage consultant at the developer’s office (if it is a property under construction) to initiate the transfer.
Step 9: Bank:
If the buyer’s bank issues a guarantee letter, you will receive the cheque for any additional payment a week later. The buyer’s contribution will be paid to you through a manager’s cheque.
If the buyer’s bank issues a guarantee letter, you will receive the cheque for any additional payment a week later. The buyer’s contribution will be paid to you through a manager’s cheque.