FAQ

What is an option?

"An option in a legal sense gives a party the choice to conclude a purchase agreement with another party by means of a unilateral statement. The parties may agree on the terms of the purchase, but the buyer, for example, is given another week to consider. such an option is still common when purchasing a new-build home. This is not the case with the purchase of an existing home. The term 'option' is often used incorrectly. In that case, it has the meaning of certain promises that a selling estate agent can make to an interested party buyer during the negotiation process. Such a commitment may, for example, mean that an interested buyer is given a few days to think about an offer. In the meantime, the estate agent will try not to enter into negotiations with another party. The interested buyer can use this time to gain a better insight into his financing or into the possibilities for using the home. You cannot demand an option; the seller and the selling broker decide for themselves whether certain commitments are made in a negotiation process."