When you find the right property in Nepal you can place an offer. If the offer is accepted by the owner of the property, Better Property Nepal will collect all the document related to the house.
The most important documents are:
- Titles documents
- Floor plans and land maps
- Energy certification
There might be other documents required by the notary. We will provide to the notary all the documents he/she asks for. The notary will check all the documents, if everything is in order he will issue an estimate. The estimate will include: Notary fee, purchase taxes, registration taxes.
When the notary gives his approval, and issues an estimate the buyer can choose to have a technical survey. The survey is not a mandatory document; it is not required by the notary. Nevertheless, the buyer might want to have it to be sure about the state of house. A survey can be provided by any registered surveyor, architect or engineer.
At this point after the approval of the notary and after the satisfactory outcome of the survey if the buyer decides to have one done, Better Property Italy can proceed to write a preliminary agreement.
The preliminary agreement is a pre-purchase contract where we will state:
- Terms and conditions of the purchase
- Buyers and vendors’ data
- Property cadastral data
- Price of the property
The preliminary agreement must be registered to be an official contract. If the preliminary agreement is not registered, it’s value is reduced to a mere agreement amongst two people. When the buyer and the vendor will both have signed the preliminary agreement, the buyer must send a deposit of the 10% of the final purchase price. The deposit can be sent directly to the owner of the house or to the real estate agency that is handling the sale.
Usually the completion’s time after the signing of the preliminary agreement is two or three months. It is possible to complete the sale in shorter time or longer time according to buyer’s and vendor’s need. The terms of the sale will be stated in the preliminary agreement and will have to be respected. The preliminary agreement can be signed from abroad and sent by email. But two original copies with original signatures will have to be posted to Better Property Nepal that will take care of the registration process.
Final Signing – Deed of sale:
The final signing will take place at a notary office here in Italy. To sign the final deed, the buyer will have to be present, or he will have to sign a power of attorney in favor of the real estate agent or any other people who can attend the signing.
On the day of the final signing the buyer must complete all the payments: to the owner of the house, to the notary and to the agency.
On the date of the final signing the buyer will receive the keys of the house and will become the new owner of it.