A crush or an investment, buying a property is an important act. It's easy to get carried away by the enthusiasm of the moment ... But never forget that a purchase offer commits you firmly to the seller!
Do not just stick to your first impression! You fell in love when visiting an apartment or a house and that's good: you must be able to propel yourself into a property that you want to live in or want as a real estate investment.
On the other hand, give yourself the opportunity to visit it again to confirm or invalidate this first impression. Ask a friend or family member to come along to share their point of view and ask questions that may not have come to your mind during the first visit.
Confirmed impression? Get down to business.
The takeover bid must be carefully drafted to avoid that your crush turns into a nightmare. Start by specifying all the practical information such as the name of the buyer, the address of the property, the price offer, your reservations and any remarks…
Then add a few key points :
- Time limited takeover bid: give the seller a cooling-off period of at least 24 hours. Once the time is up, you find your freedom as a buyer. If there is no limit, you can stay connected to your offer!
- Suspensive conditions: credit granting condition (possibly specifying with which bank you wish to apply), any work that the owner has undertaken to carry out before handing over the keys...
- Signature and date
When in doubt, never hesitate to have your takeover bid re-read to your notary.