Price – Depending on the local market conditions, your opinion of value and market information provided by your real estate professional, the price you offer may be different from the seller’s asking price.
Deposit – The deposit shows your good faith and will be applied against the purchase price of the home when the sale closes. Your sales representatives can advise you on an appropriate amount. In the GTA, deposits are generally 5% of the purchase price of the property.
Terms – Includes the total price offered and the financing details. You may arrange your own financing or ask to assume the sellers 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.
Closing Date – Generally, the day the title of the property is legally transferred and the transaction or possession of funds finalized unless otherwise specified.
How to Make an Offer
When it comes time to make an offer, we can provide current market information and will assist you in drafting your offer – a legal document which specifies the terms and conditions of your offer to purchase the home. We will communicate your offer to the seller, or the seller’s representative, on your behalf. Sometimes there may be more than one offer on a property coming in at the same time. We can guide you through this process. The offer can be firm or conditional.
Acceptance of the Offer
Your offer will be presented as soon as possible. The seller may accept, reject or submit a counter-offer. The counter-offer may be in reference to the price, the closing date, or any number of variables.
The offer can go back and forth until both parties have agreed or one of you ends the negotiations.
In our community, I am proud to be a member of the Board of Management which operates the North Toronto Memorial Arena. North Toronto Arena is a well-managed city rink which is a great example for our city and an important part of my family’s sense of neighbourhood.
We always felt that our best interests were the priority while working with Nathalie and Janice, and would definitely recommend them as agents. We are very happy in our new home and neighbourhood.
South Riverdale Home Buyers
Nathalie and Janice were instrumental to us landing on our feet in Toronto and being ready to start our family comfortably here. Thank you both for all of your hard work, patience and detail-orientation. It was a really stressful time for us and you helped ensure we got through it! We would actively recommend you to others and work with you again in the future.
Moore Park Home Buyers