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It is relatively straightforward for Vendors selling their properties and we will try our best to guide them along the way. The costs associated with this are lower than those of the Purchasers as the general requirements is for them to pay half of the Government Tax and the agency fees. Although legal representation is not required, we recommend for buyers to have their own legal representation with the costs associated depending on the attorney chosen. Standard procedure is for a deposit of 10% to be paid by the Purchaser as security to take the property off the market upon the Purchase Agreement being executed. It is for the parties at hand to decide which attorney should prepare the Deed of Conveyance and who will hold the deposit in escrow.
Note: We cannot be held responsible for discrepancies in the details on this page and encourage all our clients to confirm their own legal requirements, with above only to be used as a general guideline.