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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 seller's 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 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. 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.
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