Step 1: Making the actual offer on MyRoof.co.za
When you make an offer it is received by Standard Bank and reviewed for consideration. MyRoof will send you an e-mail confirming receipt of the offer as well as your details and the property details.
Step 2: Your offer will be accepted or declined by Standard Bank
If Standard Bank accepts your offer you will receive a confirmation sms and e-mail containing the Offer to Purchase, which verifies that your offer has been accepted on principle. MyRoof will also contact you to confirm this. If you choose to proceed, you are required to complete the Offer to Purchase within the specified time and return it to Standard Bank via fax. Should you fail to respond in good time Standard Bank reserves the right to accept alternative offers.
If Standard Bank declines your offer, you will receive an e-mail to that effect. You are welcome to make another offer!
Step 3: Completing the Offer to Purchase
Once you have completed your Offer to Purchase and sent it to Standard Bank within the specified time, it is your responsibility to contact MyRoof on 0861 697 663 to confirm that the Offer to Purchase has been received by Standard Bank in good order. If you are purchasing an EasySell property, you must complete the Offer to Purchase document that your estate agent will supply. When Standard Bank countersigns the Offer to Purchase the offer is deemed formally accepted. MyRoof will then contact you to inform you that the offer has been countersigned and formally accepted by Standard Bank.
Step 4: Arranging Bond Financing
After acceptance of your offer you have 14 business days to arrange for Bond financing. Should you be unsuccessful in securing financing within this time-frame Standard Bank reserves the right to terminate the transaction and accept an alternate offer on the property in question. All decisions and actions by Standard Bank in this regard are final and no correspondence will be entered into.