Purchase offer

A purchase offer is a unilateral commitment by which the buyer proposes to acquire a property at a specified price, usually accompanied by a validity period. In Belgium, an offer accepted by the seller has the same legal value as a sales agreement and binds both parties. The offer may contain conditions precedent, such as obtaining a mortgage. It is strongly recommended to formulate it in writing and clearly state the property, price, validity period, and any conditions. A verbal offer is theoretically valid but difficult to prove.