Document background
The Offer to Purchase Property is a crucial initial document in Irish property transactions, serving as the formal written proposal from a potential buyer to a property seller. It is used across Ireland in both residential and commercial property transactions, setting out the fundamental terms of the proposed purchase including price, payment structure, and key conditions. While not legally binding when marked 'subject to contract/contract denied', it forms the foundation for the subsequent contract for sale and negotiations. The document needs to comply with Irish property law requirements while remaining clear and practical. It typically precedes the involvement of solicitors in the formal conveyancing process and is often prepared with the assistance of estate agents. The document is particularly important in the Irish property market where formal written offers are standard practice and help establish clear communication between parties from the outset of the transaction.
