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Sale Agreement / Offer to Purchase Explained
For many home buyers, the intricacies of making an Offer to Purchase is a very daunting decision as there are a lot more questions than answers and all of the terms and conditions are contained in an agreement of purchase and sale of property. All parties need to come to an agreement as what needs to be in this agreement. This must be listed in the agreement and in writing before all parties sign the agreement whereafter it becomes binding on all parties.
There are certain conditions in an Offer to Purchase which must be there and agreed upon, such as date of occupation as opposed to registration date, occupational rental, fixtures and fittings and any other special conditions, conditions of sale (how is the purchaser going to finance the property), and what certificates are required in order to facilitate a sale.
There are different headings set out under Sale Agreement / Offer to Purchase Explained explaining the different sections and point of views that are generally found in a Sale Agreement.
Before a purchaser signs a Sale Agreement / Offer to Purchase we suggest that you seek legal advice to ensure that all the conditions contained therein are true and correct.
For more information please click here.
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