Thanks for the info... I'd like to go for installment Sales Agreement but yet I don't know where to go about finding a seller, most that I had come across they not willing to enter into such method or way, so I was wondering if you would share with us where or how do we go about finding sellers who wants and willing to enter into installment Sales Agreement contract
Look for a property where the bank won't give a bond. Like a vandalised place or a property without building plans. Also commercial buildings are easier to get on installment sales. We had a webinar where we covered some of these tips. Check out this link. You can skip to around 30mins mark th-cam.com/video/bbw9rZJGZWg/w-d-xo.html
Very informative yet again, question : who's responsability is it to record the instalment sales at the deeds office? The conveyancer? And if not recorded, is the agreement not a binding document?
Anything is negotiable in an installment sale. So you can pay the agent and deduct from purchase price or the seller pays from the deposit. Whichever will cover the agent and they agree to will work...
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Excellent topic. Thanks for this.
Also looking to become an investor in M5.
Glad it was helpful! and we are open for business... chat soon
Thank you for the video. It's been very informative
Thanks! Happy that you are enjoying the content!!
Thanks for the info... I'd like to go for installment Sales Agreement but yet I don't know where to go about finding a seller, most that I had come across they not willing to enter into such method or way, so I was wondering if you would share with us where or how do we go about finding sellers who wants and willing to enter into installment Sales Agreement contract
Look for a property where the bank won't give a bond. Like a vandalised place or a property without building plans. Also commercial buildings are easier to get on installment sales. We had a webinar where we covered some of these tips. Check out this link. You can skip to around 30mins mark th-cam.com/video/bbw9rZJGZWg/w-d-xo.html
Very informative yet again, question : who's responsability is it to record the instalment sales at the deeds office? The conveyancer? And if not recorded, is the agreement not a binding document?
greetings, as the buyer you want to ensure your deal is secure. The conveyancer is working on your behalf. I hope it makes sense.
Quick question, if the property is listed via an estate agent, how would you then work out how the agent will be paid their fees?
Anything is negotiable in an installment sale. So you can pay the agent and deduct from purchase price or the seller pays from the deposit. Whichever will cover the agent and they agree to will work...
How do we get in touch with Phatheka?
she is at SSLR Firm enquiries@sslr.co.za