Property Malta - Coldwell Banker Malta  
 
Welcome Property Malta - Coldwell Banker Malta Welcome to Coldwell Banker Malta. A real estate services company forming part of Coldwell Banker LLC, an international Real Estate Organisation founded in San Francisco in 1906.
 
 
PROPERTY GUIDE

Getting Started


The choice of which property to buy is probably one of the most important decisions you are ever going to make and thus necessitates a pain and stress free process. If you are planning to buy a permanent or temporary residence in Malta or Gozo, at Coldwell Banker we want the whole experience to run smoothly and professionally for you.

It is important that you seek professional assistance from specialists, as we can guide you throughout the entire procedure and make you aware of your rights and limitations.

Before you start looking for immovable property you should consider the following:

- What size of property do you require for the immediate future?

- Where are you used to living, or where would you prefer to live?

- What services do you require? (transport, amenities, schools)

- How are you going to finance your purchase?

- What are your tastes? (modern or character property)

- What type of property do you like?

- How much are you ready to invest?


You should pay careful consideration to all these points and relate all this information to knowledge, prices, values, necessities and affordability.

Our experienced consultants can facilitate the whole process for you. Coldwell Banker is the leading expert in the field and has been helping clients find the right property for since 1983. Your assigned property consultant should help you during the whole process and can offer you the best selection of properties which meet your requirements. As well as conducting negotiations on your behalf, the consultant will help you conclude a deal that is satisfactory for all parties concerned.



How do I go about purchasing an immovable property?

Once you have selected your property and an agreement has been reached with the owner, you should confirm the following before entering into a promise of sale agreement (convenium):

- Price

- Ground rent
- Extras included within the price
- Payment terms
- Works to be undertaken by the owner
- Term of Promise of Sale agreement


Once the above points are clear and agreed upon to your satisfaction, a notary public has to be appointed and the sale agreement drawn up. The Term of Promise of Sale agreement will contain all the relevant points upon which were previously agreed, namely:

- Price
- Ground rent
- Furniture, kitchen and any other movables included in the price
- Conditions agreed by the parties to the agreement within a stipulated time frame i.e. financing terms, building permit, architect’s approval etc.
- Deposit on account. It is normal practice for a sum equivalent to 10% of the purchase price to be paid as a deposit on account as a sign of goodwill by the purchaser and his/her intention to appear on the final deed of purchase. Kindly note that earnest  (not deposit on account) is less binding as neither party can oblige the other to appear on the final deed of purchase. The penalty is limited to the sum of the earnest. Certain property developers might also request staggered payments.
- Term i.e. when the final deed shall be signed. By default, a promise of sale agreement without a term stated is valid for a period of three months
- The purchaser, vendor and property in question must be clearly identified in the promise of sale agreement


Promise of sale agreements have to be registered with the Inland Revenue department together with a provisional duty equivalent to 1% of the purchase price of the property being transferred. This provisional payment will be off-set against the final duty due on the contract sale, or refunded should the deal fail to materialize.

It is important to be aware that the deposit is forfeited in favour of the vendor if the purchaser does not appear on the final deed without a valid reason at law.

During the term of the promise of sale agreement the notary and the parties involved must fulfil certain duties and obligations, namely:

- The notary will carry out the related property searches and verifies the legal title as well as assures him/herself that there are no outstanding debts, hypothecs or liens on the property.
- The purchaser must honour all the respective conditions contained in the promise of sale agreement such as bank loan or building permit applications within the specified time frames.
- The vendor must honour all the respective conditions contained in the promise of sale agreement including finishing or refurbishing works within specified time frames.


When is the final deed signed?

The appointed notary will draft the final deed, prepares it for signature and will notify the respective parties. Once every condition included in the promise of sale agreement has been satisfied and all duties fulfilled, all parties will meet to sign the final deed. The normal procedure is as follows:

- If a bank loan is required for the purchase, the final deed is signed at the bank’s offices.

- The contract of purchase is read out and if all is in order will be signed by all the respective parties.

- The balance due i.e. the purchase price less any deposits paid on account is paid to the vendor.

- The parties concerned settle their respective expenses in relation to the purchase.

- Keys to the property are passed onto the purchaser.

- The notary public registers the contract with the Public Registry.

- This information constitutes an overview of the process. As you will appreciate, certain cases may require more effort and knowledge due to the particular requirements of the respective case. Most clients purchase a property once or twice a lifetime whilst notaries and estate agents go through the motions on a daily basis.



Coldwell Banker’s offices are spread around Malta and Gozo for your convenience. We are at your disposal for any information or advice you may need whether you are buying or selling your immovable property.


 
Browse the hottest properties available...
Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta
Browse the latest properties added to our listing...
Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta Property Malta - Coldwell Banker Malta
International Coldwell Banker | Site Map | Terms & Conditions | Privacy Policy

© 2010 Coldwell Banker Real Estate LLC. A Realogy Company. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker®, the Coldwell Banker Logo and "We Never Stop Moving" are registered service marks owned by Coldwell Banker Real Estate LLC.

Any use of the term "sales associate" or "agent" shall be replaced with the term "sales representative" in Canada.

Since 1906, the Coldwell Banker brand has represented an unparalleled commitment to professionalism and customer service in the real estate industry. Our rich heritage of experience, our unparalleled global network of over 100,000 real estate agents and representatives, and our industry-leading tools and services - such as coldwellbanker.com - has helped make the dream of owning a home a reality for millions of families. Our website is a reflection of our belief in customer service and providing an exceptional real estate experience. Browse property listings here
DESIGNED BY SWITCH | DEVELOPED BY INFUSION