The first step after finding the ideal home is to make a purchase proposal in writing addressed to the seller and make a small deposit.
If we have used a broker, the Realtor will fill in the form in our presence, incorporating all the conditions relating to the sale.
If the seller will accept our conditions (written acceptance) the parties will be bound to complete the sale as it has been established in the proposal and the seller will collect the check that will become our earnest deposit.
In case of failure to accept the estate agent we will return the sum paid.
Before signing the proposal to check these points:
- Make sure the proposal form contains the identification of real estate purchase and the details of its entry in the register;
- The proposal and check should be made payable to the vendor and estate agent;
- Indicate the date of the compromise at least 30 days after acceptance of the proposal for the property if you require a loan;
- If the request for a loan, to include the clause “proposal valid unless mutual agreement”;
- Establish in writing the total amount of commission to recognize real estate agent
