Royal LePage Maximum Realty Brokerage

Elements of an Offer Explained

The elements of an offer has six key components which are:

Real Estate Professionals refer to local market conditions and information provided and depending on this, the offered price may differ from the listed seller’s price.

Your Real Estate Professional will advise you on the appropriate Deposit amount that will show your good faith . This deposit will be applied against the purchase price of the home at closing.

Arrange financing or assume the seller’s mortgage if it has a more attractive interest rate is in the terms. Total price offered and the financing details.

Things that are requested by seller. Eg: “subject to home inspection”, “subject to you selling your property” or “subject to you obtaining financing”.

Inclusions and Exclusions
This is a list of items that are requested to stay in the house such as decorating items, certain fixtures, window coverings or mirrors.

Closing or Possession Date
Date of Closing is the day the title of the property is legally transferred and the funds are paid and finalized.

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