The purchase agreement
The contract of sale or purchase agreement is a written or oral agreement between the seller and the buyer of a property or house. In it, they record that the property or house becomes the buyer's property subject to certain conditions, against payment of a certain price, and on a date agreed on.
If the purchase agreement has been prepared without the assistance of a notary, it often does not yet regulate all legal catches.
And exactly these aspects can be a reason to buy a house or not. That is why it is important that the notary is involved before a "provisional" purchase agreement is signed. He offers the necessary expert legal counsel and advice. The notary pays attention to the interests of all parties. A purchase agreement, even if it is often called a "provisional" purchase agreement, is an agreement that binds you. Even worse, if you tell the seller you want to buy the house in the presence of witnesses, you are already obligated to do so! For an oral agreement is binding! The term "provisional" only means that the ownership still has to be transferred from seller to buyer.
Only if you have inserted resolutive conditions in the purchase agreement, you can basically get out of the purchase without further expenses. An example of a resolutive condition is the agreement that you can get out of your purchase when you do not have your financing in place within a certain period of time.