For Parts I, II and III go here:
Important note: The following is based on our experience having bought apartments twice.
Now that you’ve won the bidding for the apartment it’s time to move forward with the purchase of your new home!
Signing the contract and arranging the Handpenning
When you sign the contract (at the real estate agent’s office), you’ll also need to make sure you have 10% of the purchase price ready to transfer to the real estate agent. (e.g. if the apartment costs 2 million kr, you’ll need to have 200,000 kr ready to transfer).
Conditions in the contract:
When you sign the contract, you’ll also have the move-in date stipulated in the contract. Getting approval from the new apartment’s förening (association)
During the actual signing process itself, the real estate agent will go through each section step by step to make sure you (and the sellers) understand it - there’ll be plenty of opportunities to ask questions as you go through the contract. (Note: You can also ask the real estate agent for a copy of the contract in advance, so you can go through it in your own time, before actually signing the contract).
One interesting thing you’ll notice, when you are in this meeting, is that you’ll get to see more details on the other bidders and what bids were placed (and when).
Dealing with your bank
Let’s assume you have already got a lånlöfte (loan promise) from the bank, it’s now time to go to your bank and let them know you have won the bidding for an apartment and have signed the contract.
Getting approval from the new apartment’s förening (association)
The seller will first need to get approval from the new apartment’s förening to become a member of the new förening. This generally isn’t anything to worry about - it’s basically just a formality.
Transfer of Property Day
The day has finally come for your new apartment to become officially yours!
When this day comes, you’ll go to the real estate agent’s office, and pick up the keys for the apartment.
You’ll also sign the ”Överlåtelsen av bostaden” (Transfer of property) document.
Lastly, the remainder of the 15% deposit is also due on this day. (By this stage you’ve already transferred over 10% of the purchase price, the handpenning, now you need to make sure you have the remaining 5% of the deposit ready in your account to transfer).