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Depending on the market and local conditions, the price offered may differ from the asking price.
The deposit shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. Your Realtor can advise you on the suitability of the deposit being offered.
Included 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.
Offers can be “firm” which means that buyers are willing to buy the home exactly as it is. Or, the offer could be “conditional” on things like a property inspection, approval of financing or the sale of their existing home.
The home may not be sold until all agreed upon condition have need met.
Inclusions and Exclusions
These might include appliances and certain fixtures of decorative items which would be included (or excluded) it the purchase of the property, such as window coverings, light, fixtures or mirror.
Closing or Possession Date
Generally, the day the title of the property is legally transferred and transaction of funds is finalized, unless otherwise stated. The regulations surrounding closing and possession dates Varies by provinces, your Royal Legage Realtor will be familiar with the rules in your area.
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