An Offer to Purchase a House is a crucial document in Irish residential property transactions that initiates the formal purchase process. It is typically used after a potential buyer has viewed a property and decided to make a formal offer, but before the exchange of binding contracts. The document includes essential information such as the property details, offered purchase price, payment terms, proposed closing date, and any conditions attached to the offer. Under Irish property law, while this offer document is not legally binding, it serves as the foundation for the subsequent contract of sale and helps prevent misunderstandings between parties. The document is particularly important in Irish property transactions as it provides a clear written record of the buyer's intentions and the proposed terms, which solicitors will later use to draft the formal contract for sale.
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1. Buyer Information: Full legal names, current address, and contact details of all potential buyers
2. Property Details: Complete address and description of the property being offered to purchase
3. Purchase Price: The offered purchase price in numbers and words, including any conditions related to the price
4. Payment Terms: Details of how and when payment will be made, including deposit amount and timing
5. Closing Date: Proposed date for completion of the purchase
6. Offer Expiry: Date and time by which the offer must be accepted or will expire
7. Subject to Contract/Contract Denied: Standard clause indicating that this is not a binding contract until formal contracts are exchanged
8. Signature Block: Space for buyer's signature, date, and witness details
1. Finance Condition: Clause making the offer conditional upon the buyer obtaining mortgage approval - used when buyer requires financing
2. Survey Condition: Clause making the offer conditional upon a satisfactory building survey - recommended for older properties
3. Planning Permission: Condition relating to existing or required planning permissions - used when buyer plans renovations or there are known planning issues
4. Fixtures and Fittings: Specific items to be included or excluded from the sale - used when there are specific items being negotiated
5. Vacant Possession: Condition requiring the property to be empty by completion - used when property is currently occupied
6. Chain Details: Information about any property chain - used when buyer needs to sell their existing property
1. Schedule 1: Proof of Funds: Evidence of deposit and mortgage approval in principle or proof of cash funds
2. Schedule 2: Property Particulars: Detailed description of the property including boundaries, rights of way, and easements
3. Schedule 3: Special Conditions: Any special conditions or requirements specific to this offer
4. Appendix A: Supporting Documents: Copies of relevant documents such as mortgage approval in principle, ID proof, or proof of address
5. Appendix B: Property Plans: Any relevant property plans or maps identifying the property and its boundaries
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