Buying a freehold residential unit – how it works

You have the opportunity to purchase a residence that is in the construction planning phase. Express your interest in the residences you want to know more about before they go up for sale. On our website, you will find information on a lot of planned residential projects for sale. Search for your prospective home here (In Swedish).

Do you want a valuable head start when buying a freehold residential unit that there might be a lot of interest in? Become a VIP customer and get the chance to reserve a home before it is made available to the public. You will have the opportunity to see everything from layouts to price information and attend VIP showings before everyone else. Read more and register to become a VIP customer here (in Swedish).

Once you have decided to buy a freehold residential unit, you sign a reservation agreement with JM. In conjunction with this, we assess whether your circumstances enable you to buy the freehold residential unit and handle the housing costs related thereto. In conjunction with signing, you pay a reservation fee of SEK 20,000 online via Swish or by debit/credit card. You can also pay the fee via Bank Giro.

If you choose to not enter into a binding agreement, the reservation fee will be refunded to you, minus an administration fee of SEK 7,000 and JM will reserve the right to assign the residence to another buyer.

Signing the purchase and construction agreements

When construction of the house commences, it is time to sign the purchase and construction agreements. These agreements pertain to both the property and the construction of the house and bind you to purchasing the freehold residential unit.

Advance payment

Upon signing the purchase and construction agreements, you make a partial payment of SEK 100,000 in which the reservation fee of SEK 20,000 is included. Approximately four months before gaining access to your residence, you pay an additional 10% of the home price excluding the reservation fee and advance payment (change to partial payment).

Security package

For us, it is important that you feel secure throughout the process of buying a freehold residential unit from us. Therefore, we offer a security package to take your mind off issues in buying your freehold residential unit. Read more about JM’s security package here (in Swedish).

Continuous information on the project

While you are waiting to gain access to your new home, we will continuously provide you with information on the project, whether it be through informational meetings or e-mails in which we keep you up-to-date on the progress. You can even follow the project online.

Put your personal touch on your home

A fun part of the process of buying a freehold residential unit is that you can put your personal touch on your home. Purchasing a freehold residential unit at an early stage of the construction process means that you can select from various tiles, flooring, counter tops and cabinet fronts.

We are with you the entire way in understanding how the finished product will look with the materials, colors and shapes you have chosen, all so you are satisfied with your new home. You will be given login details to JM’s interior design selector in good time before needing to make your decisions. The project’s Interior Design Manager is available for consultation and support when it is time to make your choices. Read more about interior choices here (in Swedish).

Occupancy

You will be informed about your final occupancy date no later than four months prior to occupancy. To take possession of your new home, you must have paid the remaining amount for your freehold residential unit as well as the invoice for any additional selections you made. When you present the receipt from the transaction, you will receive your keys and can move into your new home!

Final payment

When the final payment is made, you will receive the deed of sale which is the receipt to show you have paid for your home. You will need to present the deed to the registration authority to obtain the title to your residence.

Craftsman assistance

When you purchase a freehold residential unit from JM, you always receive two hours of craftsman assistance, free of charge. Take maximum advantage of this offer by carefully planning the work to be done. For instance, you can mark out where you want the craftsman to put in nails or to drill, as well as have the work materials handy.

Warranty inspection

Two years after gaining access to your property, we will do a thorough warranty inspection to ensure that no problems have arisen since the final inspection. Any problems discovered are rectified free-of-charge as soon as possible.