CONTRACT:
– Must be prepared before any advertising
– Must contain certain documents, which we will arrange for you
EXCHANGE OF CONTRACTS:
– The time when both parties are bound by the terms of the contract
COOLING OFF PERIOD:
-The purchaser may have a 5 day period in which to cool off (withdraw from the contract)
– The purchaser forfeits to the vendor 0.25% of the sale price if the cooling off is invoked,
– The vendor does not have a cooling off period
– There is no cooling off period in a sale at auction
DISCHARGE OF ANY MORTGAGE:
– We will liaise with your lender to arrange the discharge of any mortgage and the payout of any loan.
SETTLEMENT:
– There are several other matters to attend to before settlement, which your CPC will handle
– Normally the property must be vacated by the settlement day
– Final payment is made and possession is given on settlement day