When it comes time to make an offer, we as your Real Estate
Professionals provide current market information and will assist you in drafting
As your Real Estate Professionals, we will communicate the offer,
sometimes known as an Offer to Purchase, 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. As your Real Estate
Professionals, we can guide you through this process.
Firm Offer To Purchase
Usually preferable to the
seller, because it means that you are prepared to purchase the home
without any conditions. If the offer is accepted, the home is yours.
Conditional Offer To Purchase
Usually means that you have placed one or more conditions on the purchase,
such as "subject to home inspection", "subject to
financing" or "subject to sale of buyer's existing home".
The home is not sold until all the conditions have been met.
Acceptance Of Offer
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.
There are six key components to the elements of an offer. They are:
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.
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
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.
These might include "subject to home inspection", "subject
to you obtaining financing", or "subject to you selling your
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
Closing or Possesion Date
Generally, the day the title of the property is legally transferred and
the transaction of funds finalized.