Elements of an Offer

There are five key components to the elements of an offer. They are:

 

Price

Depending on the local market conditions and a number of other factors, the price you offer may be different from the seller's price.  Before you make an offer on a property, I can provide you with detailed analysis as to what may be a suitable price range for the property, if different than the listing price.  Ultimately however, the final offer price is your decision.  No matter the market conditions; good or poor- the process is the same.  The difference lies with how knowledgeable the Realtor is regarding the local market and their analytical skills.  

 

Deposit  

Your deposit shows good faith in negotiations and will be applied against the purchase of the home when the sale closes. I can advise you on an appropriate amount, for the situation.

 

Conditions

These might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property". 

 

Inclusions & 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.

If you would like more information on the elements of an offer, or for more information on buying a home please do not hesitate to call or simply complete the form below.