How To Make An Offer
When it comes time to make an offer, your agent can provide current market information, expertise and advice and will assist you by drafting the offer.
Your agent will communicate your offer to the seller and/or the seller's representative, on your behalf. There may be more than one offer on a property registered at the same time. Your agent will guide you through this process.
Your offer is a legal document which specifies the terms and conditions of your purchase. This offer can be firm or conditional.
Firm Offer To Purchase
Usually preferable to the seller, because it means that you are prepared to purchase without any conditions. If the offer is accepted, the property is yours.
Conditional Offer To Purchase
This means that you have place one or more conditions on the purchase. The property is not sold until all conditions have been met or waived.
Acceptance Of The Offer
Your offer will be presented as soon as possible. The seller may accept it, 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 offer can go back and forth until both parties have agreed or one of you ends the negotiations.
