CAUTION: THE DIFFERENCE BETWEEN BUYING SITE-UNSEEN AND BUYING SUBJECT TO VIEWING

BUYING SITE-UNSEEN

Where a Purchaser submits an Offer to Purchase a property site-unseen and therefore agreeing to purchase without viewing or inspecting the property at any time prior to the sale, due diligence is certainly required to ensure the necessary protection is afforded to your client and all interested parties to the transaction, including you.

The Seller is still obliged to fully disclose any and all defects at the property of which he/she is aware at the time of the sale and where a property is purchased site unseen, a detailed inventory of all fixtures and fittings which are either in- or excluded form the sale is essential.

BUYING SUBJECT TO VIEWING

Where a Purchaser makes an Offer to Purchase property subject to the viewing thereof after the upliftment of the lockdown period, note that this is a suspensive condition of sale and therefore subject to fulfilment before the sale becomes fully enforceable.

In this regard, it is advisable to include a suitable continued marketing clause so as to allow for the submission of further Offers for consideration by a Seller pending the termination of the national lock down and fulfiment or waiver of the above suspensive condition/s contained in the first Offer.

For assistance in the preparation of suitable clauses whilst you secure sales from a more virtual platform during lock down, contact me directly @ [email protected]