HOME PURCHASE PROCEDURE:

INITIAL APPLICATION AND OFFER LETTER:

Collect an Application Form /Sales Agreement from our office and complete and return it. Thereafter you will be given an Offer Letter from our Office in Pokuase- Accra.

DEPOSITS AND ALLOCATIONS

Before an allocation is, certain conditions must be met. These are as follows

• Receipt of written confirmation of acceptance of offer as well as a copy of our Sales Agreement duly executed by you.Design and Construction of Buildings
• Receipt of initial deposit of 30% of the total cost of the house on offer.
  

  After allocation, the following programme of payment will apply:

• 30% - Payment at Roofing Level
• 20% - Prior to finishes
• 20% - final payment upon completion

MORTGAGE FINANCING

There is now a growing number of financial institutions in Ghana and overseas which have available mortgage finance schemes for resident and non-residents Ghanaians that you may wish to explore.

We actively cooperate with such institutions and where necessary and without any liability, we will use our good offices as far as practicable to monitor the processing of your application for a facility from any of these institutions to buy a house from us.

When applying to any of them for a mortgage facility, you need to take our offer letter to them and fill out their application form. Subject to meeting their requirements, you will be issued a facility letter confirming their agreement to provide mortgage financing.

We will make allocation of such time when all pre-condition set by the mortgage finance institution have been met by you and you have executed our sales agreement.

Applicants will be required to make a minimum deposit of 20% - 25% of the total cost of the house in addition to meeting the mortgage institution’s requirements for the granting of the facility.

BOUNDARIES FOR EXPANSIONS

House owners are expected to expand only within the perimeter of their properties so as not to cause damage to anyone’s property or fence wall.

FINAL PAYMENT AND COMPLETION

Upon completion, Koans Building Solutions Ltd will send a final invoice to you along with a Statement of Account which will indicate the amount of final payment. The final invoice will include the total cost of house and documentation fee (cost of preparation of title of deed, site plan and other relevant documents covering the ownership of the property.) Keys will be released only when the outstanding payments have been paid in full and all documents have been executed.

Certain fees such as Electricity Meter Fee and Water Meter Connection fees are not included in the final invoice. You will make your own arrangements.

Select the Link below to download Application form for Purchase of Home and submit completed form to KOANS Office :