What should be in a home purchase agreement look likeHome Purchase Agreement • July 20th, 2023
Contract Type FiledJuly 20th, 2023Another scenario that allows for withdrawal is if the offer is less than R250 000. However, the buyer has to provide written notification within 5 days of signing. Read the Offer to Purchase carefully You need to understand your obligations. You need to include terms and conditions that protect you. You should seek advice on what you should include. Examples of things the buyer should include: A requirement that the seller conducts a property inspection and fix patent defects. Examples of things a seller should include: A deadline date for the buyer to fulfill their obligations. You want to be able to seek alternative buyers if the current buyer drags their heels. Ensure that The description of the property is correct. Your details are correct. The agreed-upon price is correct. For buyers: Make sure you want the property Do a final check of the property before going ahead. This is your last chance to ensure that it meets all your requirements. You could ask neighbours about the locatio