The Major Elements Of An Offer
Price
Depending on local market conditions, your opinion of value, and marketing information provided by your real estate agent, the price you offer may differ from the seller's asking price.
Deposit
The deposit shows your good faith and will be applied against the purchase of the property when the sale closes. Your agent will advise you the appropriate amount.
Terms
This includes the total price offered and the financing details
Conditions
You can decide to make a "firm" offer which means that you are willing to buy the property exactly as it is. Or you could make the offer "conditional" on things like a property inspection, approval of financing, or the sale of your existing home. Your agent will advise you on the options you may need to consider.
Inclusions And Exclusions
Certain fixtures or decorative items are included or excluded in the purchase price of the property, such as appliances, window coverings and light fixtures.
Closing Or Possession Date
Generally, the day the property title is legally transferred and the transaction of funds are finalized, unless otherwise stated.
