Elements Of An Offer Explained

  1. Price: Depending on market conditions and other important information, the price you offer may be different from the seller's price.
  2. Deposit: I can advise you on an appropriate deposit amount, this shows good faith and will be applied against the purchase of the home when the sale closes.
  3. 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.
  4. Conditions:  Are prerequisites that must be met, before the sale can be closed.  These might include: "subject to home inspection"; "subject to you obtaining financing"; or "subject to you selling your property".
  5. Inclusions and Exclusions:  This is a list of what stays in the home and what is removed.  They might include appliances and certain light fixtures or decorative items, such as window coverings or mirrors.
  6. Closing or Possession Date:  The day the title of the property is legally transferred and the transaction of funds finalized.

Royal Lepage
Viraj Tanna

Viraj Tanna
Sales Representative

Tel:
416.443.0300

Direct:
416.854.6655

Fax
416.443.8619

Email
Contact Me

8 Sampson Mews,
Suite 201,
Toronto, ON,
M3C 0H5 

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