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Sheila Banser
Phone: 902.830.8757
Fax: 902.455.6738
E-mail: sheilabanser@royallepage.ca
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Seller's
Info
Offers,
What to Expect
The Elements
of an Offer
Here's
a quick reference to everything you need to know about accepting on offer
on your home.
1. Price
Depends on the market and the buyers, but generally, the price offered
is different from the asking price.
2. Deposit
Shows the buyer's good faith and will be applied against the purchase
price of the home when the sale closes.
3. Terms
Includes 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. Conditions
These 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 exclusions
These may include appliances and certain fixtures or decorative items,
such as window coverings or light fixtures.
6. Closing or possession date
Generally, 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).
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Make
sure to read carefully - an offer is a legal contract!
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