Define what “ready” means
A completed building is not automatically ready for the buyer’s intended use. Confirm whether the unit is vacant, occupied, newly handed over, furnished, mortgaged or subject to outstanding work. Record the intended occupation, rental or resale date and make the transaction timetable consistent with it.
Verify ownership and authority
Confirm the title evidence, seller identity and authority of every person signing or receiving instructions. If a company, representative, mortgage or power of attorney is involved, obtain transaction-specific legal confirmation. Verify the broker through the official service and confirm payment instructions independently.
Review the financial position
Prepare a complete acquisition schedule including price, registration, brokerage, valuation, finance, conveyancing, service-charge adjustments, deposits, repairs and furnishing. Ask for current service-charge evidence and any relevant clearance or liability information.
If the property is tenanted, review the registered tenancy, payment record, deposit, notices, renewal position and handover obligations. Do not assume advertised rent or vacant possession.
Inspect the property and building
Inspect the unit, parking, storage and common areas. Check cooling, water, power, appliances, windows, doors, finishes, leaks and signs of previous repair. Consider an independent technical inspection, particularly where a defect could change price or timing.
Review building access, management, maintenance history, insurance arrangements, amenities and planned capital work. Photograph and list agreed fixtures and defects.
Prepare for transfer and handover
The written agreement should allocate documents, payments, clearances, finance settlement, transfer attendance and consequences of delay. Keep the transfer sequence aligned with official procedures and qualified advice.
At handover, record keys, access cards, parking devices, utility information, warranties, manuals, inventory, meter readings and condition. Confirm who holds any tenant deposit and which service accounts must change.
Preserve the evidence
Retain the authority checks, signed agreement, payment trail, inspection, clearances, title evidence and handover record. A ready property allows direct inspection, but it does not eliminate legal, financial or building risk.
Royal Abraj Group coordinates the advisory and evidence framework. Royal Abraj Properties handles current luxury property discovery. The buyer should still obtain legal, finance and technical advice appropriate to the transaction.