Residential Agreement of sale without Agent involvement

Residential Agreement of sale Without agent involvement

Summary A property owner may consider using this Agreement of Sale when selling a Residential Property to a buyer.

Note: you may wish to obtain the buyer’s details and conduct a background check before finalising the Sales Agreement. The Buyer Application Form may be used for this purpose.

What does the Sale of Residential Property Agreement say? The Residential Agreement of Sale consists of; the details of both the Buyer and the Seller, the Description of the Property, which is being purchased, Purchase price and how that will be payable, Financing, Sale of purchaser’s current property, Continued marketing of the property, Transfer and Costs, Occupation, Risk, Fixtures and Fittings, Rates and Levies, Delay, Voetstoots, Acknowledgements by the Seller and Purchaser, Cooling-off, Breach, Companies/ Close Corporation/ Trust/ Multiple Purchasers, Domicile of the Purchaser and Seller, Electrical-, Gas- and Electrical Fence Certificates, Alien and Invasive Plant Species, Warrantees and Undertakings, Sectional Title Property, Member of Home Owners Association, Jurisdiction, Whole Agreement, Declaration by the Seller regarding the condition of the property, Sold Sign, POPIA Clause.

What does the Residential Agreement of Sale look like? The template Residential Sales Agreement can be printed onto thirteen pages.

What do you need to do to use this standard Residential Agreement of Sale?

• Complete the relevant details in the sample rental contract.
• Read the document to ensure that it suits your requirements. Make changes as required.
• Ensure that the Sales Agreement is signed by both the seller and the buyer.

Also known as: Sales Agreement; Offer to Purchase; Property Sales Agreement; Sales Contract; Terms of Sale; Sale Terms and Conditions; Sale of Property Agreement

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