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• The deposit
dŚĞ ĂŵŽƵŶƚ LJŽƵ ĂƌĞ ǁŝůůŝŶŐ ƚŽ ƉĂLJ ĂƐ Ă ĚĞƉŽƐŝƚ ĂŶĚ ǁŚĞŶ LJŽƵ ǁŝůů ƉĂLJ
ŝƚ ŝƐ ŝŶĐůƵĚĞĚ ĂƐ Ă ĐŽŶĚŝƟŽŶ͘ dŚŝƐ ŝƐ ƐŽŵĞƚŚŝŶŐ LJŽƵ ĐĂŶ ĚŝƐĐƵƐƐ ǁŝƚŚ
LJŽƵƌ ĐŽŶǀĞLJĂŶĐĞƌ ĂŶĚ ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ͘ ZĞŵĞŵďĞƌ͕ ŝĨ LJŽƵ ĐĂŶŶŽƚ ŐĞƚ
ƚŚĞ ĂŐĞŶƚ Žƌ ǀĞŶĚŽƌ ƚŽ ĂŐƌĞĞ ƚŽ Ă ĐŽŽůŝŶŐͲŽī ƉĞƌŝŽĚ Žƌ ĮŶĂŶĐĞ ĐůĂƵƐĞ
ƚŚĞŶ LJŽƵ ǁŝůů ďĞ ƌƵŶŶŝŶŐ ƚŚĞ ƌŝƐŬ ŽĨ ůŽƐŝŶŐ LJŽƵƌ ĚĞƉŽƐŝƚ ŝĨ ƚŚĞ ůĞŶĚĞƌ
ĚŽĞƐ ŶŽƚ ĂƉƉƌŽǀĞ LJŽƵƌ ůŽĂŶ ƵŶĐŽŶĚŝƟŽŶĂůůLJ͘
&Žƌ ƐŽŵĞ ƉƵƌĐŚĂƐĞƐ͕ ƚŚŽƵŐŚ͕ ƚĂŬŝŶŐ ƚŚŝƐ ƌŝƐŬ ŝƐ ƵŶĂǀŽŝĚĂďůĞ ;ƐƵĐŚ ĂƐ
ŐŽŝŶŐ ƚŽ ĂƵĐƟŽŶͿ ƐŽ ŝƚ ŝƐ ďĞƐƚ ƚŽ ĚŝƐĐƵƐƐ ƚŚĞ ƌŝƐŬƐ ǁŝƚŚ LJŽƵƌ ĐŽŶǀĞLJĂŶĐĞƌ
and mortgage broker before proceeding.
The conditional phase
Contract of Sale
Pest Inspection
Pre-Approval Making an Offer/ Conditional Building Insurance Valuation Building and LMI Approval Unconditional Exchange Mortgage Pre-Settlement
of Contracts
Documents
Inspection
Phase
01 02 03 04 05 06 07 08 09 10 11
zŽƵƌ ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ ǁŝůů ƌĞƋƵĞƐƚ Ă ĐŽƉLJ ŽĨ ƚŚĞ ƐĂůĞƐ ĐŽŶƚƌĂĐƚ ĂŶĚ ƐƵďŵŝƚ ŝƚ
ƚŽ ƚŚĞ ůĞŶĚĞƌ ƚŽ ĐŽŶǀĞƌƚ ƚŚĞ ƉƌĞͲĂƉƉƌŽǀĂů ƚŽ ĐŽŶĚŝƟŽŶĂů ĂƉƉƌŽǀĂů͘
dŚŝƐ ŝƐ ĂŶ ŝŶĚŝĐĂƟŽŶ ƚŚĂƚ ƚŚĞ ůĞŶĚĞƌ ǁŝůů ƉƌŽĐĞĞĚ ǁŝƚŚ ƚŚĞ ŚŽŵĞ ůŽĂŶ
ĂƉƉůŝĐĂƟŽŶ ŝĨ ĐĞƌƚĂŝŶ ĐŽŶĚŝƟŽŶƐ ƐĞƚ ďLJ ƚŚĞ ůĞŶĚĞƌ ĐĂŶ ďĞ ŵĞƚ͘
'ĞŶĞƌĂůůLJ͕ ƚŚĞƐĞ ĐŽŶĚŝƟŽŶƐ ŝŶǀŽůǀĞ͗
ϭ͘ ƐĂƟƐĨĂĐƚŽƌLJ ǀĂůƵĂƟŽŶ ƌĞƉŽƌƚ͘
Ϯ͘ ƉƉƌŽǀĂů ĨƌŽŵ ƚŚĞ >ĞŶĚĞƌ͛Ɛ DŽƌƚŐĂŐĞ /ŶƐƵƌĂŶĐĞ ;>D/Ϳ ƉƌŽǀŝĚĞƌ ;ŝĨ ƌĞƋƵŝƌĞĚͿ͘
ϯ͘ KƚŚĞƌ ĐŽŶĚŝƟŽŶƐ ĂƐ ƚŚĞ ůĞŶĚĞƌ ƌĞƋƵŝƌĞƐ ;ĂƐ ĚŝƐĐƵƐƐĞĚ ĞĂƌůŝĞƌͿ͘
hƉŽŶ ƌĞĐĞŝƉƚ ŽĨ ƚŚĞ ůĞŶĚĞƌ͛Ɛ ĐŽŶĚŝƟŽŶƐ͕ LJŽƵƌ ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ ǁŝůů ƌĞƋƵĞƐƚ
ĨƌŽŵ LJŽƵ ĂŶLJ ĨƵƌƚŚĞƌ ŝŶĨŽƌŵĂƟŽŶ ƚŚĞ ůĞŶĚĞƌ ƌĞƋƵŝƌĞƐ͘ /Ĩ ƚŚĞ ůĞŶĚĞƌ ƌĞƋƵŝƌĞƐ
Ă ǀĂůƵĂƟŽŶ ƚŽ ďĞ ĐŽŶĚƵĐƚĞĚ͕ ƚŚĞLJ ǁŝůů ŶŽǁ ŽƌĚĞƌ ŽŶĞ ĨƌŽŵ ĂŶ ŝŶĚĞƉĞŶĚĞŶƚ
valuer.
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