There are six key components to an offer. These are:

Price

Depending on the local market conditions, the price you are offered may be different from the asking price.

Deposit

The Buyer’s deposit shows good faith and will be applied against the purchase of the home when the sale closes. We will advise you as to whether or not it is an appropriate amount.

Terms

The total price offered and the financing details. The Buyer can arrange their own financing or ask to assume your mortgage, depending on whether or not it has an attractive interest rate. It is unusual that a Buyer would ask to assume the Seller’s mortgage in today’s market.

Conditions

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

Inclusions and Exclusions

These would include appliances, light fixtures, window coverings, etc. We list which items will be included and excluded from the sale of your property.

Completion Date

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

As your agents we will review the offer with you and answer any questions you may have.