The Elements of an Offer

The Major Elements of an Offer

Price
Depending on local market conditions, your opinion of value, and marketing information that I will provide you with, the price you offer may differ from the seller’s asking price.

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

Terms
This 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 buyer obtaining financing” or “subject to buyer selling their property”.

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

Closing or Possession Date
Generally, the day the title of the property is legally transferred and the transaction of funds finalized unless otherwise stated (here in Quebec).