Jul 12 2016, 04:12 PM
QUOTE(llthim @ Jul 12 2016, 12:58 PM)
I am yet to make the booking, I just want to make sure that there is a way to get some warranty from the vendor.
[attachmentid=7067801]
I'm reading some of the guides from iproperty, so I would like to ask the term should be included during which stage if according to the chart above
If you want to include a warranty from the owner, do when you put down the 2% booking fees, meaning the first stage of purchase. There will be an Offer Letter that both parties would need to sign to enter into an agreement.[attachmentid=7067801]
I'm reading some of the guides from iproperty, so I would like to ask the term should be included during which stage if according to the chart above
Insist on writing down the clause of warranty on the Offer Letter as it is actually legally binding. It is as powerful as the Sales and Purchase Agreement (SPA). In other words, you can bring the owner to court if he doesn't fulfill the warranty.
If the owner doesn't agree to your clause, then you will know that he doesn't intend to be responsible for it and he will not sign the Offer Letter. Hence you will get back your Booking Fees. Hence you will safeguard your hard earned money.
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