What is an Offer to Purchase a house?
The Offer to Purchase is the first step to buying a home. It’s a binding agreement that must be signed by the buyer and seller before the transaction can go ahead.
The Offer to Purchase will include a number of clauses that need to be fulfilled before the transaction can go ahead. This includes obligations for both buyer and seller.
It’s important for the buyer and seller to check the Offer to Purchase carefully, make sure they’re adequately protected, and be aware of what their obligations are.
