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What Do ‘Under Option’ and ‘Under Offer’ Mean? Here's the Explanation!

Are you actively searching for your dream home and frequently encounter terms such as ‘under option’ and ‘under offer’? Then you are probably wondering what these concepts precisely entail. Don't worry, we're happy to clarify this for you! At KIJCK. real estate agents, we understand how confusing the housing market can be, especially for first-time buyers and young families. Therefore, we not only provide expert advice, but also ensure that you are fully informed about your options.

Read on to discover the meanings of these terms and how you can cleverly seize opportunities in a dynamic housing market.

What is ‘Under Option’?

‘Under option’ signifies that a potential buyer has expressed interest in a property and temporarily has the first opportunity to finalize the purchase. Consider this akin to a type of reservation: during this period, the seller cannot sell the property to anyone else. This is often utilized for new constructions, though it can occasionally apply to existing properties as well.

What Can You Do?
A property that is under option is not definitively sold. Maintain contact with the real estate agent, as the option may still lapse. At KIJCK. Real Estate Agents, we are happy to assist you in finding alternative properties and advise you on the optimal timing to capitalize on opportunities.

What Does ‘Under Offer’ Mean?

When a property is ‘under offer’, a buyer has officially placed a bid. This does not guarantee a sale; the seller may choose to reject the offer or wait for better proposals. Until both parties have signed, anything can happen.

Strategically Capitalizing on Opportunities
If you notice a house that is under offer, it's good to know that there is often room to make an offer nonetheless. We at KIJCK. Real Estate Agents ensure that you can negotiate strategically in such situations. With our personalized guidance and transparent approach, you will always know where you stand.

Why Is It Important to Know the Differences?

The terms ‘under option’ and ‘under offer’ may seem technical, but they can significantly impact your strategy. If you understand how the process works, you can respond more quickly and effectively. That is precisely what we at KIJCK. Real Estate Agents excel at: guiding you from the initial viewing to signing the purchase contract.

With KIJCK. Real Estate Agents to Your Dream Home

At KIJCK. Real Estate Agents, we understand that purchasing a home can be both exciting and challenging. Therefore, we simplify the process to make it clear and affordable. For a fixed fee of €3950,- including VAT, you will receive personalized guidance from experienced NVM real estate agents. Whether it involves strategic bidding, legal matters, or advice on your financial options, we are here to assist you.

Do you also want to search for your dream home without worries? Contact us today for a free consultation. Your dream home awaits, and we are here to help you find it!

Do you want to know what your chances are in the housing market? Schedule a free consultation with KIJCK. Real Estate Agents and discover how we can make a difference.

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