Designed to provide ease, speed, transparency and certainty for Buyers and Sellers.
General Set Up
The Clicktopurchase Concept may be set up for a property within the administration area, where the selling agent can select various options:
• Specific wording for the clicktopurchase panel instead of the default;
• Which action buttons may be available for viewers;
• Bid deadlines or none if preferred.
Legal Documents
- The Legal Documents
Our sales platform provides the flexibility to choose your preferred dataroom application. Simply drop the share link for your chosen application into the platform:
The selling agent and the seller’s conveyancer is able to access the default legal contract easily.
The clicktopurchase® Rules for South Africa
The General Conditions of Sale
In order to complete the contract suite, please complete the Particulars of Sale and add to the legal data room.
For ease, we also provide in the default documents area, the following:
An example (pro-forma) Agreement of Sale
The legal package should be supplied with an Index and documentation numbered in accordance with the Index.
- The Agreement of Sale
Our sales platform provides the flexibility to choose your preferred execution application. Simply drop the share link for your chosen application into the platform.
At CBRE Excellerate, our chosen application is Pandadoc.
Verification
You will receive email notification when a Bidder has completed the verification form.
As part of the verification process the Buyer needs to download the FICA (Financial Intelligence Centre Act) guidance note and send the appropriate information to the selling agent.
In addition, the Buyer needs to organise completion of the Power of Attorney to authorise the selling agent to sign the Agreement of Sale should the Buyer submit a formal offer. Note that the Power of Attorney must be witnessed. This should be returned to the selling agent as soon as possible.
Once a Bidder has been verified, enter their email address within the Clicktopurchase Concept area and that party will be able to submit a legal offer.
Accepting an Offer
Once the Bidder has completed and signed the Agreement of Sale, the selling agent will receive an email from Pandadoc. If the Seller would like to accept the offer the agent can Wet-ink sign the Agreement of Sale.
Once an offer is accepted, the selling agent or seller’s conveyancer should make contact with the buyer and their Conveyancer to organise transfer of the deposit.
You are under no obligation to accept an online clicktopurchase® offer. Should you choose to do so, an instant binding exchange of contracts occurs.
Initial Depost Option
clicktopurchase® provides the option to ask a particular Buyer to pay an “Initial Deposit” before being cleared to submit an offer. This is a payment to demonstrate commitment, if you feel appropriate, and will count towards the purchase price should the Buyer be successful, or be returned in the event that the property is sold to another party.
