-
-
Buyer Beware: Agent Conmen – and women!
Who's the criminal?
I’ve been promoting buyer mandates in some of my posts here for a while now. I believe that buyer representation is a good thing. But if someone wants to abuse something, they will surely find a way. And that’s why I’d like to mention the following incident: Tuck into Buyer Beware: Agent Conmen – and women! »
-
What is a contract?
Know before you contract
Someone recently asked me what a contract is. Who that was, is not really important for the purposes of this post, so I’m not saying who.
Because this question is rather vague, I will answer it as if it was intended to be a question about contracts in general, even though I realise that the person was looking for information about real estate contracts specifically.
When you start dealing with contracts on a regular basis, as most people eventually do once they grow up, one forgets that you had to start at the start once. And quite frankly, the basics of contracts are not really as basic as all that, and probably not common sense at that.
So here goes my explanation of contracts: (Remember to let me know if I don’t make sense, or if you like what you see.) Read What is a contract? »
-
Open Mandates
"Open" does not mean "good"
My mother always insists that, if she ever sells house again, she’ll only grant an open mandate.
No matter what I tell her about the dangers of open mandates, she won’t budge in her determination. And there are many home owners out there who feel the same. So, I wouldn’t be surprised if this article on open mandates don’t convince you either.
Get the full Open Mandates »
-
Suspensive Conditions
Suspensive conditions are all about waiting
Suspensive conditions are just words. But because these specific words might very well be in your contract of sale when you buy or sell real estate, it is important to know what the function of a suspensive condition is, and exactly how the suspensive conditions in your offer to purchase will affect the sale of your property.
“Sticks and stones may brake my bones, but words can never hurt me“, is a myth properly debunked where suspensive conditions are concerned. The wording of suspensive conditions are very important to both buyers and sellers of immovable property.
In this article we’ll discuss the specific type of contractual condition called suspensive conditions. The name is very descriptive of the function of this contract condition, as you’ll see once we’ve explained, but if you’re not familiar with contracts and legal speak, it’s function really isn’t that easy to guess just by the name. Read more of Suspensive Conditions »
-
How long does a transfer take?
How long till the transfer's done?
Nobody likes waiting. And to every buyer and seller of real estate, their particular property transaction is the most important sale of immovable property in the world. It is therefor hardly surprising that people get somewhat irate when the transfer of ownership does not happen as speedily as they would like.
A little bit of information could go a long way towards keeping the tempers settled. That’s why we’d like to let you know what to expect when waiting for that ownership transfer to be finalized.
What is a reasonable time period for the process of transferring ownership of a property from one owner to another? How long does a property transfer take to complete? In this article, we give some simple answers to that not-so-simple question about the duration of the transfer process. Uncover the full How long does a transfer take? »
-
Discussion