The elements of an offer continued

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).

Renovating for resale
Renovations don't have to be expensive or extensive to offer you a good rate of return. In fact, a quick coat of paint can go a long way to boosting your selling price. Just make sure your new décor is tasteful, with shades of white and tame versions of popular colours.

The kitchen and bathroom are your best bets for renovation with the highest payback. Take a look at these average rates of return for home upgrades: Interior painting and décor - 73% Kitchen renovation - 72% Bathroom renovation - 68% Exterior paint - 65% Flooring upgrades - 62% Window/door replacement - 57% Main floor family room addition - 51% Fireplace addition - 50% Basement renovation - 49% Furnace/heating system replacement - 48% New lighting - 84%

As an expert on home sales trends in your neighbourhood, your RE/MAX Sales Professional can suggest which areas of your home could benefit from renovation and increase its value.

Preparing your home for an inspection If you're selling your home, be prepared for a visit from a home inspector, who will be checking out the property on behalf of possible purchasers. Take a look through your home using these steps, and repair any problems to ensure that your inspection is a success.