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The Annette Vance Team

The Annette Vance Team - Broker

The Annette Vance Team - Broker
Director's Platinum Award Sales Achievement Award Master Sales Award Royal LePage - 100 Years

 

How to make an offer

When it comes time to make an offer you will require current market information and assistance in drafting your offer. You will need a Real Estate Professional.

A Real Estate Professional will communicate your 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 at the same time. A Real Estate Professional can guide you through this process.

Firm Offer to Purchase

Usually preferable to the seller because it means buyers are prepared to purchase the home without any conditions.

Conditional Offer to Purchase

Usually means there are 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

An Offer to Purchase is presented to a seller who may accept the offer, reject it, or submit a counter-offer. The counter-offer may be in reference to the price, closing date, or any number of variables. Offers can go back and forth until both parties have agreed to terms or either side ends the negotiations.
 

Elements of an Offer
 

  • Price:  Depending on local market conditions, your opinion of value and market information provided by your real estate professional may indicate to offer something   different than the asking price.
  • Deposit:  The deposit shows an act of good faith and will be applied against the purchase price of the home when the property closes.  Your sales representative will advise you of 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 mortgage rate.
  • Conditions:  These might include “subject to home inspection”, “subject to you obtaining financing” or “subject to you selling your property”
  • Inclusions:  Depending on the local market conditions these may include appliances, light fixtures or window coverings, these also my be considered as exclusions
  • Closing:  Generally the day that the title of the property is legally transferred and the transaction of funds finalized unless and assist you in drafting your offer – a legal document which specifies the terms and conditions of your offer

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7 Household Eye Sore & How To Hide Them!

Originally posted on: April 14, 2017
Last updated on: April 14, 2017
Filed under: home updates rad heating upgrades updates home renovations diy buy and sell real estate home staging
Want to disguise those hideous heat rads? Tired of stepping on your doggo's food bowl? Take a look at these 7 nifty tips and tricks on how t ...
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