What is an Offer to Purchase?

For many home buyers, the intricacies of making an Offer to Purchase remain a mystery.

Essentially, it is an agreement that contains the terms and conditions for the purchase and sale of a property. Both parties need to come to an agreement about all sorts of issues before the document is signed. Everything that is agreed upon must be listed in the Offer to Purchase document,” says Adrian Goslett, CEO of RE/MAX Southern Africa.

The Offer to Purchase needs to contain all the terms on which the parties agreed, such as date of occupation, occupational rent, fixtures and fittings and the conditions of sale.

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