sale agreed?

W

wpg

Guest
at what point in transaction is a property sale agreed. Is it when the refundable booking deposit is paid or the non refundable 10%?
 
Sale agreed does not have any legal meaning. Once an unconditional contract is signed by both parties and an unrefundable contract is paid (10% is traditional but not obligatory) there is an enforceable contract to complete the purchase on both sides.

Sarah W

www.mortgagesoverseas.com
 
Back
Top