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Elements of an Offer

The following are the six key components to the elements of an offer:

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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HomeLife/Realty One Ltd.
Real Estate Brokerage*

501 Parliament St. Toronto, ON M4X 1P3

Mobile: 647.225.2426
Business: 416.922.5533
Fax: 416.922.5808
E-mail: kat@katanderson.ca


*Independently owned and operated, REALTOR®

DISCLAIMER: Not intended to solicit currently listed properties or buyers under contract.