Elements of an Offer Explained

6 Key Elements of an Offer

  • Price

    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.

  • Deposit

    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.

  • 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.

  • Conditions

    These might include “subject to home inspection”, “subject to you obtaining financing”, or “subject to you selling your property”.

  • Inclusions and Exclusions

    These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors. These items would remain in the house.

  • Closing or Possession Date

    The day the title of the property is legally transferred and the transaction of funds finalized.