The process to buy or sell a property
| Author | Bergsaker, Trygve |
| Pages | 17-22 |
Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try Fiche Norw ay
17
5. The process to buy or sell a property
5.1 Main st eps in t he transact ion process t o buy or sell a property
Ta ble 9: M ai n st ep s of th e p roc ess t o buy or se ll a pr opert y
Ma in st ep s
Ma in f unct ion
Applicab le
Na ti ona l sp eci fici tie s/ a ddit ion al fun cti ons/ m ain
acto rs
Est ate age nt ser vice s
Mat ching th e par ties
Usual
N/ A
Alt er nat ive mat ching devi ces
Mat ching th e par ties
Unusual
N/ A
Pr elim ina ry cont ra ct
Secu rin g the t ransact ion bef ore
th e fi nal cont ract is conclud ed
Unusual
Onl y in a m in orit y o f cases
Pr eli mina ry che cks (la nd regi ste r,
ad mini strat ive pe rm its)
Ensur ing t hat t he buy er k nows all
leg al ob ligat ions an d relev ant
fea tur es r elat ed t o t he prop ert y
Usual
Mandat ory part of est ate agent services according to
th e Esta te Agen cy Act 2007
Dr aftin g t he sa les con tract a nd/ or
de ed of conv eyan ce
Sum marising the agreem ent of t he
part ies
Yes
Part of estat e ag ent serv ices acco rding to t he Est ate
Agen cy Act 2007
Lega l a dvi ce or cou nse lling
Ensur ing t hat t he t ransa ction is
valid and that the p arties know
abo ut th eir righ ts a nd d uties
Unusual
N/ A
Cer tifica tion of sig natu re s
Ensur ing t he v alidity of the
agreem ent
Yes
The t itl e deed, not the sales contr act, need s to be
certified
Con tract exe cut ion (tra nsf er of
pa ym ent )
Execu tin g the cont ract ( and
securi ng t hat bot h part ies per form
th eir ob li gation s)
Yes
Part of estat e ag ent serv ices acco rding to t he Est ate
Agen cy Act 2007
Con tract exe cut ion (tra nsf er of
pr ope rty)
Execu tin g the cont ract ( and
securi ng t hat bot h part ies per form
th eir oblig atio ns)
Yes
Part of estat e ag ent serv ices acco rding to the Est ate
Agen cy Act 2007
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