Making an Offer

When you’re making an offer to buy a home, there are six main elements to consider:

1. Price
The price you offer reflects your opinion of the value of the house and is determined by the condition of the property and local market factors. You can make any offer you like. It does not have to be the same as the seller's asking price.

2. Deposit
The deposit shows your good faith and will be applied against the purchase of the home when the sale closes. These deposits are normally held in-trust with the Listing Brokerage. Your Re/Max Sales Representative Realtor can advise you on an appropriate amount. 

3. Terms

Terms normally include the total price offered and the financing details. You may arrange your own financing or ask to assume the seller's mortgage, especially if it has an attractive interest rate. Our in-house Mortgage Representative will be able to provide valuable insight in pre-approvals and detailed Interest Rate Protections Plans for Buyers and Sellers.

4. Conditions
Conditions are items that must be completed or fulfilled on or before closing date. Some of the common conditions are: Home Inspection, Arranging suitable Financing, Vacant possession of the property and sale of the Buyers property. 

5. Inclusions and exclusions
Your offer may be contingent on certain items being either included or excluded in the sale. These might include appliances, light fixtures, and decorative items, such as window coverings or mirrors. In condominium transactions it can include mail box keys, remote access to the building and parking garages. 

6. Closing or possession date
The closing date is generally the day the title of the property is legally transferred and the transaction of funds finalized, unless otherwise specified and agreed to between both Buyers and Sellers.This date is normally on a working business day. 

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