Penny-wise homebuyers who try to negotiate a private sale with a seller in the hope of knocking the price down may find to their regret they have been pound-foolish.
Selling your property privately may be dangerous. The first pitfall that usually costs buyers dearly is the so called voetstoots clause. Inexperienced buyers may overlook this finer detail and get stuck with expensive repairs they hadn't budgeted for. Sales agreements are laden with legalese terminology and loopholes to get lost in. Once the written agreement is signed, sealed and delivered a disgruntled buyer will find him or herself with little recourse in case of misunderstandings or if he's had the wool pulled over his eyes.
Selling your property privately may be dangerous. The first pitfall that usually costs buyers dearly is the so called voetstoots clause. Inexperienced buyers may overlook this finer detail and get stuck with expensive repairs they hadn't budgeted for. Sales agreements are laden with legalese terminology and loopholes to get lost in. Once the written agreement is signed, sealed and delivered a disgruntled buyer will find him or herself with little recourse in case of misunderstandings or if he's had the wool pulled over his eyes.
