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 Professional, the price you offer may be different from the seller's price. In this current buyer's market prices are generally negotiable, although multiple offers are still happening on certain prime locations. 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 we can advise you on an appropriate amount. Typically you will want to have about 5% of the purchase price available within one business day after you purchase a home.

Terms

Includes the total price offered and the financing details. You arrange your own financing or perhaps assume the seller's mortgage, depending on the terms.

Conditions

These might include "subject to home inspection", "subject to you obtaining financing", or even "subject to you selling your property", although it is still not that common in today's market.

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.

If you would like more information on the elements of an offer, or for more information on buying a home please do not hesitate to contact us or simply complete the form below.