Chris Madden SRESSales Representative

Royal Lepage Connect Realty Brokerage

Independently owned and operated.

 

950 Merritton Road Pickering,  ON  L1V 1B1  905-831-2273

1415 Kennedy Rd suite 22 Toronto ON           416-751-6533

836 Danforth Ave Toronto ON                          416-461-0925

311 Roncesvalles Ave Toronto ON                  416-588-8248

Direct: 416-587-4063

Office: 905-831-2273

Fax: 905-420-5455

Elements of an Offer Explained

Elements of an Offer Explained

There are six key components to the elements of an offer. They are:

Price

Depending on the local market conditions and information provided by me, your Real Estate Professional, 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. As your Real Estate Professional I can advise you on an appropriate amount.

Terms

Includes the total price offered and the financing details. You 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 you obtaining financing", or "subject to you selling your property".

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.

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