- Before You Move
- Choosing A Neighbourhood
- Closing The Deal
- Classifieds Terms
- What Can You Afford
- Home Inspection
- Buyers Glossary
- Home Owner's Insurance
- Retirement Living
- Making an Offer
- Land Transfer Taxes
- Pre-Approved Mortgages
- Rental Units Ease $$ Burden
- Moving Tips
- Having Good Credit
- Major Elements of an Offer
- Title Insurance
- Types of Home Ownership
- Viewing an Open House
Depends on the market and the buyers, but generally, the price offered is different from the asking price.
2. DepositThe deposit shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. Your Royal LePage Real Estate Professional can advise you on the suitability of the amount of the deposit being offered.
3. TermsIncludes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.
4. ConditionsThese might include "subject to home inspection", "subject to the buyer obtaining financing", or "subject to the sale of the purchaser's property."
5. Inclusions and ExclusionsThese might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.
6. Closing or Possession DateGenerally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).
Note: IN B.C. the Possession Date is usually 1 to 3 days after the closing.