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Elements of an Offer Explained

Elements of an Offer Explained

There are six key components to the elements of an offer. They are:


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.


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.


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.


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.

How to protect your information.

Originally posted on: March 2, 2018
Last updated on: March 2, 2018
Filed under: online password protection
Many of us spend a lot of time online. We shop, use social media to connect with family and friends, send personal and business emails, pay bill ...

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Originally posted on: February 14, 2018
Last updated on: February 14, 2018
Filed under: history valentine valentines
Happy Valentine's Day Everyone, If you have ever wondered how Valentine's Day start here is an article that goes over it. Plea ...

Door-to-door Sales

Originally posted on: February 1, 2018
Last updated on: February 1, 2018
Filed under: door knocking sales
Ontario's ban on some door-to-door sales is coming into effect on March 1, 2018. The Putting Consumers First Act, stren ...

History of Remembrance Day

Originally posted on: November 10, 2017
Last updated on: November 10, 2017
Filed under: remembrance day
Remembrance Day The national day to remember those who died in military service is observed across Canada each year on 11 November – t ...

New Mortgage Stress Test Rules

Originally posted on: October 18, 2017
Filed under: mortgage stress test
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