Get to know the Gradual Cash House Sale and Purchase Agreement (Completed with Examples)

The process of buying and selling a house with cash in stages is not so difficult. But we still need to pay attention to a few things before doing it.

First of all, what is cash increments? This is a method of paying for housing units in cash but in short installments.

Payments are made using a step-by-step method, so the buyer does not have to pay the entire price of the house at the beginning of the purchase.

This payment method can be a solution for those of you who can’t buy a house cash, and do not want to do mortgage application.

If you are interested in using this method, here is a full review of the advantages, methods, and examples of a gradual cash house sale and purchase agreement that you need to know.

Advantages of Buying a Cash House in stages

Advantages of Buying a Cash House in stages

Buying a house with the cash installment method has several advantages over the credit method.

You can repay the house without interest at a price according to the agreement, which has been set by the developer or individual.

Another advantage, the developer will usually give a promo in the form of a discount for those of you who buy a house in cash in stages.

In addition, when buying a house with cash in stages, you don’t need to bother taking care of administration such as bank interest or credit applications that take a long time.

Read also:

Here’s how to buy a house with hard cash that you need to know

How to Buy a Cash House in stages

How to Buy a Cash House in stages

Buying a cash house in stages is quite easy, especially if you buy it from a developer without going through a bank.

You only need to ask the developer, whether the desired house can be purchased with this method or not.

Developers will generally give options in the form of cash payments in stages or through a mortgage.

If you choose to pay cash in stages, then there is an installment period that must be met.

The specified time period is usually based on the agreement of the buyer and seller, but is generally shorter than payment on credit.

Usually the tenor is given from 18 months to 3 years. This is stated in the cash house sale and purchase agreement.

Like credit, the gradual cash house payment method requires the buyer to pay a down payment (down payment).

Furthermore, the remaining payment will be divided equally according to the time period agreed at the beginning of the agreement.

Keep in mind, buying a house in cash in stages does not incur the slightest interest in the payment.

In addition, make a written agreement, because cash payments do not involve banks, so they require stricter supervision.

The letter of agreement for the sale and purchase of a cash house in stages also needs to be held by both parties, the buyer and the seller.

Now, To find out the description of the cash house sale and purchase agreement, consider the following example.

Example of a Gradual Cash House Sale and Purchase Agreement

CASH HOUSE SALE BUYING AGREEMENT

We, the undersigned:

  1. Name : ……………………………………………………
  2. Date and place of birth : ………………………………………………
  3. Profession : ……………………………………………………
  4. Address : ……………………………………………………
  5. ID card number : ……………………………………………………

In this case, acting on behalf of yourself, hereinafter referred to as the First Party (Seller).

  1. Name : ……………………………………………………
  2. Date and place of birth : ……………………………………………………
  3. Profession : ……………………………………………………
  4. Address : ……………………………………………………
  5. ID card number : ……………………………………………………

In this case, acting on behalf of yourself, hereinafter referred to as the Second Party (Buyer).

On this day ………… day ………… (…………) month …………Year ……… , the First Party has released a plot of land with an area of ​​………… square meters along with a building measuring ………… meters square footage located on the land in the certificate number …………………… located at ………………………………………… to the Second Party at a cash price of …………. Payments are made in the presence of witnesses in cash in stages.

ARTICLE 1

Price

The sale and purchase of houses and land is carried out and approved by each party with the following conditions:

  1. The land price per square meter is Rp ……………………, so the total land price is Rp ……………………. .
  2. The price of the house building is Rp …………………… .
  3. The total price of land and house is Rp …………………… .

SECTION 2

Payment method

The Second Party will pay to the First Party for the land and building houses with cash payments in stages purchased in the amount of Rp …………………… with an installment period of ……………… which is paid per month in the amount of Rp ………………… .

At the time of the sale and purchase of land, both the First Party, the Second Party and the Witness stated that they were conscious, physically and mentally healthy, without any coercion and pressure from any party.

Matters that have not been stated in this agreement will also be resolved amicably through deliberation by both parties.

Thus the House Sale and Purchase Agreement was made and agreed upon by the First Party, the Second Party and the Witnesses.

If there is an administrative error, this sale and purchase deed can be corrected and completed with the approval of each party.

……………………,………… 2022

THE FIRST PARTY THE SECOND PARTY

***

That’s information about the benefits, methods, to examples of a gradual cash house sale and purchase agreement that can be used as a reference.

Don’t forget to fulfill your property needs through the 99.co Indonesia website. There are many choices of houses for sale that can be glimpsed, including:

Hope it is useful, yes.

Read also:

7 Ways to Apply for a Mortgage to the Bank, Escape Without Hassle!

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