Steps to Own a Home in BC
A comprehensive guide to the home ownership process
Your Path to Home Ownership
Owning a home is a significant milestone in life. At Bidara Camar, we're committed to making this journey as smooth and transparent as possible for you.
This guide outlines the key steps involved in purchasing a property, from initial planning to the final handover, ensuring you're well-informed at every stage of the process.
The Home Ownership Journey
A step-by-step guide to purchasing your dream home
Step 1: Check Loan Eligibility
Assess your financial capability and get pre-qualified by banks.
Step 2: Property Unit Selection
Choose your preferred unit from the available options.
Step 3: Registration
Pay the booking fee and complete the registration forms.
Step 4: Submit Loan Application
Apply for a housing loan through your selected bank.
Step 5: Letter of Offer Signing
Review and sign the bank's Letter of Offer upon loan approval.
Step 6: Execution of Sale & Purchase Agreement (S&P)
Sign the S&P agreement with the developer.
Step 7: Sign Form MOT & MOC
Must be signed in front of the District Officer.(For Malay Reserved Property)
Step 8: Signing of Loan Agreements
Sign the legal documents related to the housing loan.
Step 9: Application for EPF Withdrawal (if applicable)
Apply through EPF to use Account 2 for housing purposes.
Step 10: Vacant Possession
Receive keys and take ownership of the completed property.
Ready to Begin Your Home Ownership Journey?
Our team of experienced property advisors is ready to guide you through every step of the buying process. Contact us today to get started.