You’ve found the perfect home or cottage and you are ready to take the next steps to make it yours. Now you’re wondering how to make an offer. Luckily, we can help! When it comes time to make an offer, we can provide current market information and will work together to draft it taking all things into consideration.
We will communicate your offer, known as an Agreement of Purchase and Sale*, to the seller, or the seller’s representative, on your behalf. There are times when there may be more than one offer on a property at the same time which can be confusing and stressful if you don’t have a local, knowledgeable Realtor like John or Mark to guide you through the process.
*Agreement of Purchase and Sale: A legal document which specifies the terms and conditions of your offer to purchase the home. The offer can be Firm or Conditional.
Usually preferable to the seller, because it means that you are prepared to purchase the home without any conditions. If the offer is accepted, the home is yours. It is important to work with a local and knowledgeable Realtor if you are submitting a firm offer to ensure you know all of the facts before signing the dotted line.
This situation means that you have placed one or more conditions on the purchase, such as “subject to home inspection”, “subject to financing”, or “subject to sale of buyer’s existing home”. The home is not sold until all the conditions have been met within the timeframe that was agreed upon.
ACCEPTANCE OF THE OFFER
Your Offer to Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer. The counter-offer may be in reference to the price, the closing date, or any number of variables. The offers can go back and forth until both parties have agreed or one of you ends the negotiations.
Learn more about our qualifications, accreditations and how we can serve your Muskoka Real Estate needs here