How Must the Price of a Property Be Presented in the Selling Agency Agreement to the Seller

When you are in the process of selling a property, it is important to have an agreement with the selling agency. This agreement outlines the terms and conditions of the sale, including the price of the property. However, it is important to present the price in a clear and concise manner in order to avoid any confusion or misunderstandings. Here are some tips on how to present the price of a property in the selling agency agreement to the seller.

Be specific

The first thing to keep in mind is to be specific about the price. Make sure that the price is clearly stated in the selling agency agreement, including any additional fees or charges that may be associated with the sale. You should also specify the currency in which the price is being quoted, particularly if you are dealing with international clients.

Use numbers and words

When it comes to presenting the price, it is a good idea to use both numbers and words. For example, you might write “USD$500,000 (five hundred thousand dollars)”. This makes it clear that there is no confusion over the amount that is being quoted.

Be transparent

It is important to be transparent about the price and any other costs involved in the sale. Make sure that you explain any fees or charges that are associated with the transaction, such as legal fees or stamp duty. By being transparent, you can create trust between yourself and the seller, which is essential for a successful transaction.

Include contingencies

It is also important to include any contingencies in the selling agency agreement. For example, if the sale is contingent on the buyer obtaining financing, you should include this in the agreement so that both parties are aware of the condition. This will help to avoid any confusion or misunderstandings down the road.

Wrap up

Presenting the price of a property in the selling agency agreement to the seller is an important part of the sales process. By being clear, transparent, and specific, you can ensure that there are no misunderstandings or confusion over the price. This will help to build trust between yourself and the seller, leading to a successful transaction.

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