Buyer Obligations & Smart Sell Purchase Process

1) Overview

This page explains typical buyer responsibilities when purchasing a property or business listing through the Propworths.com Platform ("Platform"), including purchases that start via the Smart Sell offer process. This page is provided for transparency and does not replace the formal deed of sale, listing conditions, or local legal requirements.

2) Buyer Due Diligence (Your Responsibility)

You agree that before committing to a purchase (including submitting an offer), you will conduct all due diligence reasonably required for the asset and jurisdiction, including:

• Physical inspection of the property/business and verification of condition, boundaries, and improvements.
• Verification of ownership/authority to sell, mandates, and seller capacity through the relevant professionals.
• Title/encumbrance checks (bonds, liens, restrictions, servitudes, zoning, permits, compliance certificates as applicable).
• Financial and operational verification for businesses-for-sale (accounts, leases, staff, suppliers, licenses).
• Independent legal, tax, and financing advice.

3) Identity & Funding Readiness

3.1 Verification

You may be required to complete identity and payment verification (KYC/AML checks) before submitting an offer, before acceptance, or prior to signing. Failure to complete verification may limit access or result in cancellation of offers/transactions.

3.2 Proof of Funds / Pre-Approval

For certain listings, you may be required to provide proof of funds, finance pre-approval, deposit confirmations, or other affordability evidence within a stated timeframe.

4) Smart Sell Purchases: What Happens After a Seller Accepts Your Offer

Where a seller reviews the offers and accepts yours ("Accepted Offer"), the following process typically applies (subject to the listing's special conditions and local law). Acceptance is a decision to proceed to contract — the sale becomes legally binding only when both parties sign a deed of sale at their attorneys:

• Notification: You receive in-app/email notice of acceptance and next steps.
• Documentation: You may need to sign an offer-to-purchase / memorandum of sale / sale agreement within a stated deadline.
• Deposit (if applicable): Pay any required deposit into the designated account/payment method shown in the transaction flow.
• Conveyancing / Closing: A conveyancer/closing attorney (or local equivalent) will manage transfer, compliance, and settlement.
• Handover: Possession/occupation occurs per the sale agreement.

5) Buyer Default & Non-Completion

If you fail to proceed after an Accepted Offer (or breach the post-acceptance steps), consequences may include:

• Loss of deposit (if a deposit was required and forfeiture applies by law/contract).
• Seller claims for damages and relisting costs (where lawful).
• Where you have paid the one-off buyer registration fee, that fee is non-refundable, as set out in the Smart Sell Offer Terms. Propworths charges no percentage commission on the sale.
• Account suspension/ban for integrity protection.

6) Communications & Off-Platform Dealing

You agree not to use the Platform to identify a seller/agent and then circumvent the Platform process to avoid fees/commission. Propworths.com may enforce its commission/fees and apply integrity remedies where circumvention is detected, to the maximum extent permitted by law.

7) Buyer Support

Support: [support@propworths.com] | Legal: [legal@propworths.com]