THERE ARE SIX KEY COMPONENTS TO AN OFFER

Price

Depending on the local market conditions and the information we provide you with, 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. We will advise you on an appropriate amount.

Terms

The total price offered and the financing details. You can arrange your own financing or ask to assume the seller’s mortgage, depending on whether or not it has an attractive interest rate.

Conditions

These might include “home inspection”, “obtaining financing”, or “selling your property”.  There are many different possible conditions which we will go over with you.

Inclusions and Exclusions

These might include appliances, light fixtures, window coverings, etc.  We itemize which items will be included and excluded from the subject property.

Completion Date

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

Making An Offer

Once we have found a property that you are willing to offer on we will provide you with current market information and we will draft an offer.  As your agents we will communicate the offer 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 agents we will guide you through this process.

Firm Offer

This is 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.  Most commonly seen in a Seller’s market.

Conditional Offer

This means that you have placed one or more conditions on the purchase, such as “subject to home inspection” or “subject to financing”. The home is not sold until all the conditions have been met.

Acceptance of an Offer

Your Offer 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.