The purchase reserves the exclusive right to acquire this property, and the seller can only offer third-party property if, as for the purchase of real estate, you cannot escape it as part of your protection and not seal a contract only orally or handshake, because buying a property is actually an expensive investment – if not risky. The booking contract includes the payment of serious money as a non-refundable forming down payment, which is part of the purchase price. It shows your serious interest in a property for sale. Legally, both parties are required to do what is written in the contract, but if you both terminate the contract, you must resign – or renounce what was given and received. So it`s important that you keep receipts and photocopies secure, especially when it comes to money. [For PH claim guidelines, click here] For this reason, the booking contract is one of the most important documents in the entire real estate purchase process. And here`s why you shouldn`t jump out of them. As noted above, the document also contains all the basic information and specifications of the property. There are also payment terms for future transactions. It is necessary that you understand and read all this, they will eventually regret signing the contract, whose content may appear harmful or risky on your page.
What will happen, you will find in a difficult situation, because if they are not, they will pay contractual penalties, and that is your failure as a buyer. In the event of voluntary termination of this contract by the seller, without reason on the part of the VENDEUR or if the seller does not comply with his obligations, the VENDEUR has the right to terminate this contract, the EARNEST MONEY (amount in words) being considered a liquidated damage for the benefit of the VENDEUR. If you wish to purchase a property, brokers or real estate agents can offer a « booking contract » or a « booking request », an agreement that guarantees that the property you wish to buy will be reserved and withdrawn from the market, which prohibits the purchase of other people. For this reason, the reservation agreement is one of the most important documents in the entire real estate purchase process. And here`s why you shouldn`t jump out of them.