Note: all Offers to Purchase are to be ‘managed’ in accordance with our internal procedures. The agent must ensure that the offer taken is a ‘bona fide’ offer, meaning that the parties purchasing the property are able to do so. No offer may exceed a 30-day period for a bond grant for employed persons or 45 days for self-employed individuals. At no stage may the agent extend this period at...
Offer to Purchase
For an offer to purchase (OTP) concerning the sale of immovable property to be legally valid, it must contain, at minimum, the following: Must be in writing The identity of the parties to the contract The description of the property being sold The purchase price Must be signed by the parties. No additional clauses need to be recorded in the written document for it to constitute a valid...