The major elements of an offer

Price: depending on the local market conditions, your opinion of value and market information, the price you offer may be different from the seller's asking price.

Deposit: the deposit shows your good faith and will be applied against the purchase price of the home when the sale closes. I can advise you on an appropriate amount.

Terms: includes the total price offered and the financing details. You may 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", or "review of condominium documents".

Inclusions and Exclusions: these might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

Completion Date: the day the property is available for possession and the transaction of funds finalized unless otherwise specified.

How to Make an Offer

• When it comes time to make an offer, your Real Estate Professional can provide current market information and will assist you in drafting your offer.
• Your Real Estate Professional will communicate your offer, to the seller, or the seller's representative, on your behalf. Sometimes there may be more than one offer on a property coming in at the same time. I will guide you through this process.
• The offer can be Firm or Conditional.
• Your Offer to Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer.
• The counter-offer may be in reference to the price, the closing date, or any number of variables.
• The offers can go back and forth until both parties have agreed or one of you ends the negotiations.