Author Topic: My retirement blog.  (Read 120947 times)

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: My retirement blog.
« Reply #405 on: October 23, 2019, 04:15:27 pm »
I had this a few times but inserted this clause to enable me to continue marketing the house ..

72 hour Clause
   
Pending fulfillment of the suspensive conditions contained in this agreement, the SELLER may continue to market the PROPERTY hereby sold .  Should he prior to fulfillment of the said condition receive a further "bona fide" written offer to purchase the PROPERTY, the following provisions shall apply;
    (a) a copy of the said offer shall be delivered to the PURCHASER, who shall be given an opportunity of 72-hours from such delivery to waive in writing all of the above provisions and present guarantees for the full purchase price acceptable to the Seller or his agent; and
    (b) should the PURCHASER not timeously avail himself to the opportunity as aforesaid, the SELLER may accept the said further offer whereupon this agreement between the SELLER and the PURCHASER shall immediately lapse and be of no further force or effect.  In such event all amounts paid by the PURCHASER (excluding occupational interest) shall be refunded to him together with interest that has accrued thereon.

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 581
  • Karma: +21/-0
    • View Profile
Re: My retirement blog.
« Reply #406 on: October 23, 2019, 06:44:38 pm »
Yeah, we pretty much have that - can accept cash offers, they have 72 hrs to raise a mortgage. Or bank approved mortgages. TBF we want these guys to get the house as they would be great for our 80+year-old neighbor. Looked at the house they have for sale, great price. TBF, if we were planning to stay in SA, would be tempted to swap...

yozzi

  • Full Member
  • ***
  • Posts: 155
  • Karma: +2/-0
    • View Profile
Re: My retirement blog.
« Reply #407 on: January 24, 2020, 02:30:35 pm »
Orca, Happy NY to you and hope all is well what's happening in the UK are you still there and surviving?