A seller usually gives the following warranties:
If a licensed real estate broker is involved, the real estate broker is mandated by law to provide written disclosures (or electronic, if consent is obtained from the party receiving the explanation) and verbal explanations about the important matters concerning the sales contract and the property. The seller's licensed real estate brokers usually provides such disclosure and explanations if there is one representing the seller.
The sale is legally binding upon the execution of the sale and purchase agreement, subject to the terms and conditions therein.
Title transfers on the date agreed to in the sale and purchase agreement, usually the date when the sales price is paid in full, the property is delivered to the buyer, and/or the title transfer documents are delivered to the buyer and filed with the local Legal Affairs Bureau.
The buyer usually pays for:
The seller usually pays for: