The 6 Main Elements of a Blue Mountain Real Estate Offer
Whether you’re making an offer on real estate in the Blue Mountain area, or receiving one, it’s helpful to understand the most important pieces of the puzzle. Here’s a quick overview.
1. Price
Depending on the market and the local market conditions, the price offered may be different from the asking price.
2. Deposit
The deposit shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. Your REALTOR’ can advise you on the suitability of the amount of the deposit being offered.
3. Terms
Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging their own financing or may ask to assume your existing mortgage if you have an attractive rate.
4. Conditions
These might include “subject to home inspection”, “subject to buyer obtaining financing” or “subject to the sale of the purchaser’s property”.
5. Inclusions and Exclusions
These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.
6. Closing or Possession Date
Generally, the day the title of the property is legally transferred and the transaction of funds finalized unless otherwise stated (except in Manitoba and Quebec). Note: In B.C. the Possession Date is legally 1 to 3 days after the closing.
Blog Posts
Hawkins Real Estate Group Quarterly
Get ready for some Halloween fun! Come pick up your FREE pumpkin*,
from our family at Hawkins Ryers to yours!
How Long Do Most People Spend House Hunting?
Searching for a new home can be an exciting yet overwhelming experience. With so many homes on the market, when do you know you’ve found the right one? When should…
Read More4 DIY Projects to Add Value to Your Home
Are you gearing up to sell your home and want to maximize its value without breaking the bank? Look no further than these four engaging DIY projects! Sometimes, all it…
Read More