After searching and finding a property that fits your budget, remember to check the property to ensure that there are no ownership disputes, repair orders, haunted houses, etc. that may affect the bank's approval of mortgages. Of course, even if it is a haunted house, it does not mean that you cannot apply for a mortgage. It is just that the bank will review and approve it according to individual circumstances. The final loan amount and interest rate may not be as ideal, so inexperienced buyers should avoid such properties. In addition, you should call the bank to inquire about the preliminary valuation to confirm whether the seller's offer is reasonable. If the seller's asking price is much higher than the bank's valuation, the new buyer may not be able to borrow the required mortgage. Insufficient bank valuation is also one of the common reasons for prospective buyers to "bargain" with the owner. The deal is finalized only after everything is ready.

The real estate agent will prepare a provisional sales contract for both parties. In addition to the transaction price and basic information of the property, it generally also includes the transaction date, notes on the condition of the unit (such as whether the partitions have been changed), which furniture and appliances are to be handed over, and the commission that both parties must pay to the real estate agent. The buyer and seller can request to add different matters to the provisional contract according to their respective needs. For example, the buyer can request to declare in the provisional contract that there are no known leakages and unfortunate accidents in the unit. If you are worried about buying a haunted house by mistake, you may wish to make a similar request. When signing the provisional contract, the buyer must pay the seller a "deposit" of generally 3 to 5% of the property price, so prospective buyers are advised to bring a checkbook when viewing the property.

Both the buyer and the seller must entrust different lawyers to draft and handle the formal purchase contract. The lawyer will also check the property deed or title for the buyer. Real estate agents can generally introduce familiar lawyers. The fee for each transaction depends on the situation, ranging from about HK$6,000 to HK$10,000. Before hiring a lawyer to handle the sale of a property, please contact the bank where you plan to apply for a mortgage to confirm that the law firm is on the bank's approved list, because the bank only accepts "on list" law firms to handle mortgage procedures for customers.

Generally, you need to submit a copy of the temporary sales contract, identity documents, proof of income, tax bills, etc. to apply for a mortgage. The actual requirements may vary depending on the bank or the applicant's situation. Applicants with a good credit record can get their mortgage approved in a few days at the earliest; however, if you need to apply for mortgage insurance, use a 90% mortgage, add a guarantor, the property is old, the deed is lost, or there are problems with the ownership, the approval process may be longer. Most people can get the result within one or two months. After successfully applying for a mortgage, the bank will notify you of the approved loan amount, interest rate, cash rebate and other benefits. To ensure that you can borrow enough mortgage and get the best terms, you may want to apply to one or two banks. You must buy fire insurance for your newly purchased property in order to get a mortgage loan from the bank. The advantage of buying fire insurance through a mortgage bank is that it is convenient, but the premium is generally higher. Owners who are willing to do more research can consider buying insurance through online platforms, which can save thousands of dollars in premiums each year.

除非買賣雙方另有協議，否則正式買賣合約通常在簽臨約後14日內簽署，訂明正式交樓日期。律師及師爺會為你講解法律文件，內容頗冗長難懂，遇有疑難記得問清楚。 簽署正式合約時，須同時繳付「大訂」。「細訂」和「大訂」通常相等於樓價10%。

The purchase and sale of second-hand properties is generally stipulated to be "delivered in the current state", so the purpose of the property inspection is not to ensure that every brick and tile is perfect, but to confirm that the current state of the property, such as built-in furniture, electrical appliances and even the number of rooms, is consistent with the contract commitment. If the buyer is dissatisfied with the property status, he can negotiate with the seller through a lawyer, coordinate the handling method (mostly with money) and continue the transaction. Unless the seller is involved in a "big" breach of contract such as concealing the unit status, illegally changing the structure, or having problems with the property deed, otherwise based on the "delivery in the current state" agreement, generally minor defects are unlikely to become a reason for "kicking out of the contract". After the inspection, if the buyer is satisfied with the condition of the unit, the transaction will proceed as per the contract.

Before handing over the property, the lawyer will check the management fee, rates, water, electricity, coal and other fees for both parties. If the transaction date is December 11, the buyer and seller must share the management fee for December in proportion. These items will be explained on the logarithmic table. The buyer must also pay the down payment to the lawyer's office, which is the balance of "property price - small deposit - large deposit - mortgage". As for the mortgage loan, the bank will hand over the loan amount to the lawyer's office to complete the transaction, and the funds will not be deposited into the buyer's account.

On the transaction day, the buyer's law firm will transfer the money to the seller's law firm, and then the seller will hand over the keys to the buyer through the real estate agent or in person, and the transaction will be completed. After receiving the keys, the buyer can happily go to the new home and prepare for decoration and moving in. In addition, the buyer should also remember to notify the housing estate management department that the unit has changed hands, and confirm whether the previous owner has paid all management fees.