our China law firm offers real estate related service. The key to making a successful real estate investment in China is to secure local legal representation before even beginning the hunt for property to suit specific investment requirements, and also to secure the services of a licensed real estate agent.
In China there are many seemingly conflicting laws governing the resale of immovable property and land as well as the development of land and property and these laws and regulations cover everything from the potential environmental impact of the sale to restricting the sale to Chinese citizens only.
Therefore without local legal representation a real estate investor in China could quickly and easily become tangled in a web of confusion and fail to find suitable properties legally available for sale and that meet specific investment needs.
Once a real estate investor has located a suitable property, the real estate agent will enter into negotiations on the purchaser’s behalf with the vendor. Once a purchase price has been agreed upon the Customer Confirmation Agreement is signed by all parties and a deposit is paid which is usually held by the agent until all conditions for the sale have been met.
The next stage is to visit the Realty Transaction Department to begin the official transfer process. A Property Purchasing Registration Form and a Property Selling Registration Form have to be completed and filed with the Property Ownership Certificate and then the Realty Transaction Department gives the vendor and investor a date for the official Realty Transfer Notice to be given.
Upon this specific date all parties or their representatives go to the Realty Transaction Department for the finalization of the transaction, final monies change hands, taxes are due as are legal and agency fees and once the property handing over document has been signed the keys are effectively or literally handed over to the property investor.