Buyers & Sellers Beware

Buyers & Sellers Beware

Gansbaai Properties

Image

Buyers & Sellers Beware: Not Fulfilling Or Cancelling A Property Agreement Creates Claimable Damages

A property sales contract is a binding document once signed and the terms and conditions in an offer to purchase are designed to protect both the buyer and the seller and prevent either party from unilaterally changing their mind to the detriment of the other. If either the buyer or seller want to cancel or act to cause a breach of the contract, they could be held accountable for the breach of contract and could be penalised if the opposing party were to claim damages.

A property sales agreement can only legally be cancelled without the risk of penalty, if one or more of the suspensive conditions could not be met (i.e. when the sale is subject to and conditional upon a bond approval or the sale of another property), or if the contract stipulates that either party is allowed to cancel the contract within a stipulated period of time (a so-called 72-hour clause).

Buyers & Sellers Beware

Gansbaai Properties

Gansbaai Properties is a real estate agency that deals with residential, commercial, and agricultural property transactions in the greater Gansbaai area. The candidate property practitioners at Gansbaai Properties have attributed their phenomenal success in the real estate market to trending marketi...

View Profile

What is Xplorio?

Xplorio is your local connection allowing you to find anything and everything about a town.

Watch the Gansbaai Video
Read More

Recent Posts

Asbestos Roof in Real Estate: Selling Guidelines and Regulations

Asbestos Roof in Real Estate: Selling Guideli...

We are receiving several enquiries regarding the sale of property where houses have an asbestos roof. 

5 Questions Sellers Need To ask Themselves Before Calling Estate Agent

5 Questions Sellers Need To ask Themselves Be...

Just as buyers need to do their research before taking on homeownership, property sellers should also spend some time contemplating certain aspects.

Warning for South Africans: Installing Solar or Inverters

Warning for South Africans: Installing Solar ...

Warning for South Africans looking to install solar or inverters to escape load shedding.

Homes With Solar Sell for 3 - 4% More!

Homes With Solar Sell for 3 - 4% More!

Homes with solar can sell for 3% to 4% more than homes that do not, says Carl Coetzee, the CEO of BetterBond.