Offer to Purchase Property in Hout Bay |
| Date Added: March 10, 2009 02:18:40 PM |
| Author: Miltons Matsemela Inc. |
| Category: Hout Bay Property |
| The process of purchasing a property in Hout Bay, South Africa commences with the submission by the buyer to the seller of a written offer to purchase the property which offer is required to comprehensively set out the terms upon which the buyer is willing to buy the property.
It is established practice for estate agents like HoutBay.info, registered in terms of the estate agency laws of the Republic of South Africa to assist buyers in the preparation of this offer.
The offer is furthermore required by South African law to be in writing, failing which the acceptance thereof will have no legal consequence and no binding contract will occur. Should the seller find the written offer acceptable and should the seller accordingly sign the offer, a final and binding contract comes into being between the buyer and the seller and neither party may thereafter escape the terms of the contract without consequence unless otherwise specifically provided for. |