Flow chart completion Complete the flow chart below. Write NO MORE THAN TWO WORDS for each answer.

In this country, the process of buying a house is straightforward When you have found the place you want to buy, you put in a written offer - a verbal offer is not legally binding. Your offer is made in writing in the form of a Sales and Purchase Agreement. The offer may be conditional upon a builder’s report or mortgage finance, for example. When all the terms of the sale have been agreed to by the buyer and the seller, a contract is signed. Once the Sales and Purchase Agreement has been signed and dated by both parties, the buyer is required to give a deposit. This is usually 10% of the purchase price. Once all conditions have been met, the sale then becomes unconditional and fully binding. At this point, the deposit is released to the owner and will not be refunded should you fail to settle. Should settlement be delayed for any reason, interest is charged on the outstanding amount, until settlement is made in full.