The Major Elements of an Offer

Price: Depends on the market and the buyer, but generally the price offered is different from the asking price.

Deposit: The deposit shows the buyer’s good faith and will be applied against the purchase price of the home or cottage when the sale closes. We can advise you on the suitability of the amount of the deposit being offered.

Conditions: These might include “subject to home inspection”, “subject to buyer obtaining financing” or “subject to the sale of the purchaser’s property”.

Inclusions and Exclusions: These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

Closing or Possession Date: Generally, the day the title of the property is legally transferred and the transaction of funds finalized unless otherwise stated (except in Manitoba and Quebec).