Justification of the refundable reservation fee agreement

The reservation fee is an important step in the real estate purchase process that protects both the buyer and the seller. By signing a refundable reservation fee agreement, the client gains the exclusive right to purchase the property for a certain period of time, thereby minimizing the risk that another interested party will purchase it in the meantime.

The main reasons for signing the agreement and paying the fee:

Securing the property
After paying the fee and signing the agreement, the property is temporarily withdrawn from the offer and is not offered to other interested parties. The client gains time to secure financing and other steps leading to the conclusion of the purchase agreement.

Protection of client rights
The contract clearly sets out the conditions of the reservation, thus preventing ambiguities and misunderstandings. If the purchase is withdrawn for the reasons stated in the agreement, the reservation fee is refunded to the client.

Seriousness of the offer
The composition of the fee confirms the client's serious interest in purchasing the property, which gives the seller certainty and motivation to continue negotiations. At the same time, it prevents speculation and ineffective reservations that could hinder the sales process.

Ensuring time for legal and financial preparation
The client can deal with the mortgage, legal requirements or any questions related to the purchase during the reservation. Without a reservation, there would be a risk that another interested party will buy the property in the meantime.

When is the fee refundable?

Purchase not completed:
The Seller fails to fulfill its obligations or changes the terms of sale.
There are significant changes in the purchase contract that were not previously agreed upon.

Purchase completed:
A purchase contract has been concluded between the Interested Party and the Seller regarding the Property.
The purchase price of the Property has been paid in full to the Seller's account.
The last payment of the purchase price has been credited to the Seller's account.