Hi,
1) In all property-related matters, all parties; buyer and seller have to agree free of duress.
2) In other words it is a willing buyer and a willing seller.
3) If you wish to lock down the current agreement/promise following are some of the terms that should be specifically stated:
(a) Timing of transaction, exact date, and time.
(b) You must be the only buyer if they are willing to sell with vacant possession at a later date.
(c) A penalty when they break on their promise.
(d) A consideration (money) to serve as a deposit of the purchase. Make sure you hold evidence to prove you had made this payment.
(e) Agreed price of selling/purchase.
(f) Make sure there are witnesses on this "interest to buy".
4) But note that the relationship might turn sour when all these terms are inserted without their willing consent.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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