There are six key components to the elements of an offer. They are:
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.
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.
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.
These might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property".
These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors. These items would remain in the house.
Generally, the day the title of the property is legally transferred and the transaction of funds finalized.
Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Information is deemed reliable but is not guaranteed accurate by TREB.
Toronto Real Estate Board - IDX Last Updated: 9/19/2017 7:25:47 PM