Real Estate Unit Reservation and Sale Terms and Conditions Policy
1- If a client wishes to purchase a real estate unit, a price quotation will be created with the unit details and client information, stamped by the company, and sent to the client. A copy will be retained by both parties, as agreed upon by the sales representative and the client.
2- The price quotation is valid for three days from the date of issuance.
3- The reservation of the real estate unit is confirmed after payment of the agreed-upon deposit.
4- The client is obligated to complete the purchase and financing procedures within the agreed timeframe from the reservation date.
5- If the bank's valuation of the real estate unit is lower than the approved sale price, and financing cannot be completed, the deposit will be refunded to the client.
6- The company has the right to relist the unit for sale if the client fails to complete the purchase procedures, which causes delays in the sale.
7- The client is obligated to provide the company with all required documents to complete the sale and financing procedures, including their national ID number, bank representative's number, financing entity, and contact information.
8- If the bank's valuation of the property is lower than the approved sale price, and financing cannot be completed, the deposit will be refunded to the client.
9- No modifications are permitted to the property before the transfer of ownership and final handover of the unit to the client, according to the company's approved handover procedures.
10- If the client wishes to make modifications to the property, these must be done after the final handover approved by the company. The company disclaims all responsibility for modifications not covered by the aforementioned one-year warranty.
⸻
Deposit Refund Policy:
1- The deposit will be refunded to the client if the purchase cannot be completed due to a discrepancy between the property valuation by the financing entity and the company's sale price.
2- If the client wishes to cancel the reservation for reasons unrelated to financing, the company reserves the right to apply its deposit policies.
3- The deposit will be refunded after the property transfer is completed, provided the deposit was not part of the sale price.
⸻
Exchange Policy:
1- The client has the right to transfer their reservation to another property at the same price as the original unit, subject to availability.
2- If a property is selected at a higher price, the client is obligated to pay the price difference according to the selling price.
3- Exchanges are subject to the availability of properties and company approval.
⸻
Contact Numbers: 920005092
Email: turkiahm@iqresaudi.com
