Although the contract for the sale of a Property Valuers Adelaide, between individuals or between a buyer and an agency, is not required to be executed before a notary public, since it is a private and bilateral contract, it is advisable to carry out this entire procedure with the best advice possible.
Therefore, it is recommended that it be carried out in the Real Estate presence of a notary, so that there is no misunderstanding between both parties and the entire operation is carried out in complete safety.
In turn, during the buying and selling process , it is better to feel supported by people who are knowledgeable and trained in the real estate sector, otherwise many terms or concepts will probably escape because they do not know the subject well.
For this reason, we recommend having advice so that the process goes as smoothly as possible.
The first of all would be the deposit contract, which would appear before the private sale contract. The deposit or sometimes called pre-contract is a prior contract between the buyer and seller that is made to agree on a payment and deposit according to the sale price.
In this way, a reservation would be made for the house in question and the buyer would deliver part of the purchase money to the seller, who would most commonly give 10% of the total value of the Property Valuers Adelaide to be purchased.
Normally, in this deposit contract, the total price of the sale, the term to finish formalizing the purchase, the part that corresponds to the signal, and the possible penalties in case of non-compliance are already explicit. For this reason, it is important to take the deposit contract once the contract of sale of the house is made.
After the deposit contract would come the purchase contract, which is the one that we have explained throughout the entire article. As you can see, this would be the one that would be carried out in a more private sphere, without the obligation of a notary, although it is recommended, and taking into account the deposit, in case they have been made.