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Elements of an Offer Explained
There are six key components to the elements of an offer They are
Price
Depending on the local market conditions and information provided by me your Real Estate Professional the price you offer may be different from the sellers price
Deposit
Your deposit shows good faith and will be applied against the purchase of the home when the sale closes As your Real Estate Professional I can advise you on an appropriate amount
Terms
Includes the total price offered and the financing details You 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 These items would remain in the house
Closing or Possession Date
Generally the day the title of the property is legally transferred and the transaction of funds finalized
If you would like more information on the elements of an offer or for moreinformation on buying a home please do not hesitate to call or simply complete the form below
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