Articles related to "Offer to Purchase"

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What is a title deed and who keeps it?
Simply put, the title deed is a document that proves legal ownership of a property in South Africa.
When does an offer to purchase lapse?
These are the 4 scenarios in which an offer to purchase will lapse, if it has not been accepted first.
Don’t be pushed into buying an unsuitable home
Buying a home is a big financial commitment so a buyer should be absolutely certain of their choice before signing an offer to purchase.
Questions that savvy property buyers ask
Asking the right questions before buying a property will save you money in the long run. Property experts provide a list of questions that need to be asked and answered.
Essential questions for buyers to ask their estate agent
An estate agent typically represents a seller in any residential property transaction, but buyers are entitled to ask questions of them about the property.
What makes a sales agreement a valid contract?
In order for a sales agreement to be considered a legal binding document, there are some key aspects that need to be in place,
Buying? Don’t alter the property until the transfer goes through
You’ll lose out financially if the deal falls through. You should however spend the time before the transfer takes place to plan ahead.
Why the occupational rent clause is important
A well composed sale agreement is meant to ensure that everything goes smoothly. However, things can still go wrong.
When does the ‘Cooling off’ period apply
Contrary to popular belief, the cooling off period does not apply to all property transactions. A signed offer to purchase remains valid, except for in these circumstances.
Don’t let the mortgage clause in your OTP trip you up
Buyers should be wary of how the bond clause in an offer to purchase is worded or they could end up in hot water.