Making an Offer

Make an Offer

You’ve found the perfect home? Congratulations! Now, if you actually want to make it yours, you have to make a successful offer, one the seller will accept. REALTORS® can prepare the offer for you. Here are some terms you’ll see:

Buyer

That’s you.

Seller

The present home owners.

Purchase price

The most important number: what you’re willing to pay for the home. Let’s hope the seller goes for it.

Deposit

A cheque you write to the seller or the seller’s broker. This is your way of saying, “my offer is serious”. The amount is up to you.

Chattels and fixtures

Be sure you know what is included with the house. If you’re expecting the seller to leave behind the appliances, draperies or light fixtures, be sure to include that in your offer. Don’t leave anything to chance.

Irrevocability of the offer

The length of time you give the seller to consider your offer. Usually less than 48 hours.

Completion date

The glorious day you take possession.

Clauses particular to this agreement

Every transaction is unique and you may want to add conditions that are important to you, such as a home inspection.

Submitting the offer

You’ve signed on the dotted line and your REALTOR® has provided your offer to the seller.

The seller accepted your offer

Fantastic, when do you move in?

The seller rejected your offer

It’s not common for an offer to be completely rejected. If it was, your REALTOR® can investigate why and see if there was a misunderstanding.

The seller “signed back” or “countered” your offer

The seller wants to alter some part of your offer (most likely the price). The seller will cross out the price on your offer and write a higher number, or delete or alter some conditions. Now it’s your turn to sign back with any additional changes or your acceptance of the counter offer. Good luck!

Aleks will be by your side every step of the way to guide you through this process. Call today to chat about your options.