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What you need to know

Should he Sign the Agreement for Sale?

A recent caller to my office wanted me to give him a straight answer to his question: “Should I sign the Agreement for Sale?” John, not his real name, had noticed that:

  • The Agreement for Sale he was about to sign had no Volume and Folio number assigned to the house plot he was about to purchase.
  • The statement of accounts the developer sent him had an “escalation fee” added to his invoice of 10% of the sales price.
  • The lot number of the property he was interested in purchasing, did not appear on the diagram posted on the company’s website.

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