The price that the buyer will pay. Included in the document will be any conditions that may apply, for instance, it may only apply if the buyer can obtain an approved bond.
One of the important things to add is things not included in the sale of the house. Most people know that permanent fixtures are always included, but things like satellite dishes and other items can cause issues. These specific areas should be addressed clearly in the agreement.
Sometimes the buyer who is interested in a property might have some problems obtaining a bond from the bank. This is where No Agent comes to the rescue by using a mortgage or bond originator, who will send a bond application through to different banks. By doing this, it may speed up the whole sales process and the estate agent may even receive a small commission on approval. South African banks can cut out the ‘middle man’ or bond originator by offering buyers who come to them directly, a more affordable deal. Most buyers, who don’t really have time to deal with all the legal requirements, will stick to using a bond originator or consultant.
Having a professional conveyance attorney is important to a successful property sale. There are so many aspects to finalising a sales agreement that you need somebody who knows what they are doing. For instance, there are different lawyers handling different aspects of the sale. You can have different lawyers who handle the seller’s bond cancellation and buyer’s bond registration. There is a lot going on, so having a good conveyance attorney is a must.
