Buying a tenant-owned home

Step-by-Step guide to buying a home

Buying a home with Sakofall is a secure and seamless experience. The process begins with a project presentation hosted by our brokers, giving interested buyers the opportunity to reserve a home through a booking agreement. Once a majority of the units are reserved, binding preliminary contracts are signed, and construction commences.

1 | Start of sales

A project presentation is created and marketed in collaboration with our appointed brokers. Interested buyers can reserve an apartment by signing a booking agreement and paying a booking fee of SEK 25,000. If the buyer decides to withdraw, SEK 20,000 of the fee is refunded.

This step is optional and may be skipped in certain projects, where we proceed directly to the preliminary agreement stage. Should Sakofall decide not to move forward with the project, the full booking fee will be refunded to the buyer.

2 | Preselection

Once approximately 80% of the apartments in the project are sold or reserved, a certified cost calculation is submitted to the Swedish Companies Registration Office. At this stage, a binding preliminary agreement is signed between the housing cooperative and each buyer. Buyers then pay 10% of the total purchase price as a deposit.

3 | Start of construction

Now the fun part starts: construction is underway! Sakofall sends newsletters during the project so that you as a buyer are kept up to date and get insight into the project.

4 | Interior selection meetings

A few months into the project, you'll have the opportunity to customize your new home. Some of the available options include kitchen cabinet doors, countertops, handles, appliances, and lighting such as spotlights. We’ll meet together to review and guide you through the available choices.

5 | Lease agreements

Approximately 2 to 6 months before moving in, a leasehold agreement is signed for the apartments. This agreement formally grants the buyer the right to occupy the home as their permanent residence, without any time limitation.

6 | Closing and final payment

At closing, you will meet with the listing broker to complete the final steps of your purchase. Typically, 10% of the deposit has already been paid at the time of the preliminary agreement, and the remaining 90% is now due. During the handover, we’ll review your home binder, which contains important information about your new residence, and address any remaining questions you may have before moving in. You will also receive the keys to your new home.

7 | Settling into your new home

Welcome home! We at Sakofall are thrilled and grateful that you’ve chosen one of our houses, and we sincerely thank you for the trust you’ve placed in us. We hope you’ll enjoy your new home to the fullest! We understand that settling into a new home can take time. If there’s anything that needs attention or if you have any questions, please don’t hesitate to reach out. We’re here to ensure that your first experience in your new home is as wonderful as it should be.

Buying a tenant-owned home

Step-by-Step guide to buying a home

Are you thinking of buying? We build beautiful & sustainable tenant-owned homes

Are you thinking of buying? We build beautiful & sustainable tenant-owned homes

Do you have questions about our buying process?