The elements of an offer
Here's a quick reference to everything you need to know about making an on offer on a property.
Qualifying for a mortgage
Your RE/MAX agent can arrange to have you pre-qualified for a mortgage before you start shopping for a home. It's easy, and you'll avoid possible disappointments down the road if you fall in love with a place, then find out you can't afford it. Plus, once you do find the perfect home, it will mean you can make an offer immediately.
Your RE/MAX agent can arrange to have you pre-qualified for a mortgage before you start shopping for a home. It's easy, and you'll avoid possible disappointments down the road if you fall in love with a place, then find out you can't afford it. Plus, once you do find the perfect home, it will mean you can make an offer immediately.
1. Price Depends on the market and the buyers, but generally, the price offered is different from the asking price.
2. Deposit Shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. Your agent can advise you on a suitable amount to offer.
3. Terms Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.
4. Conditions These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser's property."
5. Inclusions and exclusions These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.
6. Closing or possession date Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).
2. Deposit Shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. Your agent can advise you on a suitable amount to offer.
3. Terms Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.
4. Conditions These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser's property."
5. Inclusions and exclusions These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.
6. Closing or possession date Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).
The Wright Place, 7 Mellor Avenue, Unit 1, Dartmouth, NS B3B 0E8
Cell (902) 497-4074
Email: slarge@ns.sympatico.ca