You are about to become a homeowner. After several visits, you have finally found the perfect house. But before getting the keys, there are several steps to take, including the offer to purchase. Here are a few tricks to avoid making mistakes.<\/p>\n
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What is an offer to purchase?<\/strong><\/p>\n The offer to purchase is a pre-contract between the buyer and the seller. It is called a pre-contract because a second contract will formalize the transfer of ownership from one individual to the other.<\/p>\n However, the offer to purchase has an important legal value: once it\u2019s signed by both parties, the buyer is obliged to acquire the property, and the seller to sell it to him. The cost of the house is defined, as is the deadline for responding. If you like several houses, making several offers at the same time is not advisable as you may end up in trouble.<\/p>\n The offer to purchase usually contains certain conditions, such as sufficient financing, an acceptable inspection report or the sale of the buyer\u2019s property.<\/p>\n <\/p>\n Writing a good offer to purchase<\/strong><\/p>\n Filling in the offer may seem simple, but there are several details you need to understand.<\/p>\n <\/p>\n Remember that an offer to purchase must contain all the information related to the transaction and be as accurate as possible. It cannot be cancelled, even if you change your mind. Both parties must honour their commitment, or be sued for breach of contract.<\/p>\n <\/p>\n Having the support of your notary during real estate transactions is a must. Even if you can\u2019t wait to have the keys to your new property, don\u2019t skip any steps. You\u2019ll be even happier when all the procedures have been completed\u2026 according to the rules.<\/p>\n <\/p>\n\n