REAL ESTATE CALCULATOR


ELEMENTS OF AN OFFER



There are six key components to an offer:

PRICE

Depending on the current market conditions, how accurately the home you want to buy is priced and other information provided by me, 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. It counts as part of your downpayment but must be given at the time the offer is made or immediately after it is accepted in most cases.

TERMS

This would include the total price offered, financing details, things you might want the Seller to do before you move in, time limits, how the transaction will be handled etc.

CONDITIONS

These might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property".  On country properties we may also want to deal with things like water, well and septic system.

INCLUSIONS & EXCLUSIONS

Things that are physically attached to the home traditionally are included in the purchase price while things like appliances, vanity mirrors, TV mounts are negotiable.  Conversely, if there are items that you want to ensure are removed before you move in, such as an old fried in the garage, this is how we would make that happen.

CLOSING OR POSSESSION DATE

Generally, the day the title of the property and the money changes hands between Buyer's Lawyer and Seller's Lawyer. This does not necessarily have to be the day you move in.