Major Elements of an Offer

   Major Elements of an Offer

   There are many aspects that you should consider when you think about the major elements of an offer. They are as follows;

   Price:

   Depending on the local market conditions, your opinion of value and market information provided by your Lakeview Realty Inc., 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 Lakeview Realty Inc., Professional can advise you on an appropriate amount.

   Terms:

   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.

   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 and Possession Date:

   Generally, the day the title of the property is legally transferred and the transaction of funds finalized unless otherwise specified.

   How to Make an Offer

   When it comes time to make an offer, your Lakeview Realty Inc., Professional can provide current market information and will assist you in drafting your offer.

   Your Lakeview Realty Inc., Professional 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. They can guide you through this process.

   The offer can be Firm or Conditional

   Your Offer to Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer.

   The counter-offer may be in reference to the price, the closing date, or any number of variables.

   The offers can go back and forth until both parties have agreed or one of you ends the negotiations.

   Please note that you can read more about Making offers in the Making An Offer Section