Elements of an Offer Explained

Elements of an Offer Explained

There are six key components to the elements of an offer. They are:

Price

Depending on the local market conditions and information provided by me, your Real Estate Professional, 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 Professional I 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 and 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 Possession Date

Generally, the day the title of the property is legally transferred and the transaction of funds finalized.



Featured Listings
Find Your Dream Home
Mortgage Pre-Approval
Free Reports
5 Tips to Higher Sales Prices
Pricing Your Property
Selling Your Home
Helpful Info
Contact

direct 416.925.3541     office 416.486.5588   mail@giuseppeflammia.com    remax hallmark brokerage 723 Mount Pleasant Road  Toronto, Ontario M4S 2N4
 

Powered by Lone Wolf Real Estate Technologies (CMS6)