Elements of an OfferThere are six key components to the elements of an offer. They are:
PriceDepending on the local market conditions and information provided by me, your Real Estate Professional, the price you offer may be different from the seller's price.
DepositYour 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.
TermsIncludes the total price offered and the financing details. You arrange your own financing or ask to assume the seller's mortgage, especially if it has an attractive interest rate.
ConditionsThese might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property".
Inclusions and ExclusionsThese 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 DateGenerally, the day the title of the property is legally transferred and the transaction of funds finalized.
Determine your wants and needsThis is the single most important step. By asking a series of in-depth questions, I establish what you are looking for in a home. These questions go beyond the commonly asked ones, such as, "How much do you want to spend?" and "What neighbourhood do you want to live in?"
Pre-qualifyThis shows you how much you can afford. Purchasers often realize they can afford more than they imagined. A quality Buyer Agent will connect you to quality financial professionals who minimize the time spent on this important process. To give you an idea of how much income you need to qualify for a specific mortgage from a lender Click here . Speak to a Professional lender to have it packaged properly.
Know your costsThere are always additional or hidden costs in purchasing a home. Your Buyer Agent should be able to estimate these costs ahead of time, so you're not faced with unpleasant financial surprises at closing. Click here to get an idea of your monthly costs.
Match dreams with realityYour Buyer Agent should be able to perform a detailed analysis of properties available to locate those that match your desires.
Offer to purchaseWhen the right home is found a skillful agent will prepare an offer to purchase which will best suit your needs.
Negotiate the best price for your new home
It's rare that the buyer is willing to offer exactly what the seller wants. It takes skillful negotiation to close a deal at the best price for the buyer.
The offer is not simply about price. Negotiating the extras you want into the sale, that were not part of the listing, is important. However, if poorly handled, this can break a deal. This can involve negotiating such things as repairs to be paid for or completed before closing, at the seller
"When representing my buyer clients I am committed to providing the highest quality service not only during the purchase of your home, but long after you've settled into it."