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 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 when the sale closes.  Your Royal LePage Triland REALTOR® can advise you on the suitability of the amount of the deposit being offered.

Terms
Includes the total price the buyer is offering as well as the financing details.  The buyer may be arranging their own financing or may ask to assume your existing mortgage if you have an attractive rate.

Conditions
These might include "subject to financing, subject to home inspection, subject to the sale of the purchaser's property, etc."

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

Receiving An Offer