Sales Progression

Sales progression is the process of managing a property transaction from offer acceptance to completion, ensuring all steps are completed efficiently.

StageAction
Offer acceptedAgreement on price and terms
Deposit paidGood faith payment secured
Due diligenceInspections and verifications
Financing arrangedMortgage approval obtained
DocumentationContracts and paperwork prepared
Final paymentBalance transferred
Title transferOwnership registered at DLD
Common DelaysCause
Financing issuesMortgage approval delays
DocumentationMissing paperwork
Title problemsEncumbrances or disputes
NOC delaysDeveloper clearance slow

Related Terms

Transaction ManagementClosing Process Title TransferPurchase Agreement

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