This will give the buyer more confidence

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To proceed with the purchase. Make sure you carefully read and understand the terms in the offer letter: How will the buyer settle the house payment? Typically the buyer will pay: 3% of the selling price as a deposit to the lawyer. 7% of the selling price upon signing the sale and purchase agreement; and The remaining 90% within 90 days from the date of the sale and purchase agreement or approval is received by the authorities.


How long does it take for a buyer to sign a sales agreement? Usually croatia whatsapp number database 14 to 21 working days. You need to be specific about this period, otherwise the sale may be delayed. What happens to the deposit if there is a cancellation? Make sure there is a clause that protects your interests. Include a term that the deposit is not refundable if the buyer cancels the purchase.


Step 10 Sign the Sale and Purchase Agreement and Wait for the Transfer of Ownership to be Completed 1) Buyer applies for a loan and signs a sales agreement Next, the buyer will submit a loan application to the bank. This will usually take 1-2 weeks to receive a response. Once the loan is approved, you and the buyer will sign a sales and purchase agreement. Depending on your and the buyer's agreement, the buyer will need to pay the remaining 7% deposit at this time.