There are six key components to the elements of an offer. They are:
Price
Depending on the local market conditions and information provided by
us, your Real Estate Professionals, the price
you offer may be different from the seller's price.
Deposit
Your deposit shows good
faith and will be applied against the purchase of the home when the sale
closes. As your Real Estate Professionals we can advise you on an
appropriate amount.
Terms
Includes the total price offered and the financing details. You arrange
your own financing or ask to assume the seller's mortgage, especially if
it has an attractive interest rate.
Conditions
These might include "subject to home inspection", "subject
to you obtaining financing", or "subject to you selling your
property".
Inclusions or Exclusions
These might include appliances and certain fixtures or decorative items,
such as window coverings or mirrors. These items would remain in the
house.
Closing or Possesion Date
Generally, the day the title of the property is legally transferred and
the transaction of funds finalized.
