ADOLFO PEDRAZAS
 Sales Representative


Sutton Group - Quantum
Realty Inc., Brokerage
Independently Owned and Operated
 

1673 Lakeshore Road West
Mississauga, ON L5J 1J4

  Phone: 905-822-5000


IRINA JORDACHE
 Sales Representative

 
MAKING AN OFFER

When making an offer, keep in mind that it could easily become a legally binding contract if the seller accepts it. Because of this, you need to make sure the offer includes all the terms and conditions you want it to cover. This is where I come in. I will assist you in drafting your offer as well as present it to the seller or the seller's representative on your behalf.

The offer will include the following:
  • Address and legal description of the property
  • Sale Price
  • Deposit 
    • amount of earnest money accompanying the offer, becomes part of your down payment
  • Seller's promise to provide clear title (ownership)
  • Conditions
    • specifies events that must occur in order for the purchase to occur (i.e. the offer is conditional upon the buyer obtaining financing from a lending institution)
  • Inclusions and Exclusions
    • fixtures and/or chattels that are included or excluded from the offer (i.e. appliances, electrical fixtures, etc.)
  • Closing or Possession Date
Negotiating Tips

You will be in a stronger bargaining position if:
  • You are an all-cash buyer;
  • You are pre-approved for a mortgage;
  • You currently do not have a home that needs to be sold before you can buy.

Under the above circumstances, you may be able to successfully negotiate the listed price.  However, in a seller's market, if the home of your dreams comes on the market, you may want to offer the list price (or more, especially if there are other offers on the seller's table). 
The Seller's Response To Your Offer

Upon receiving your offer, the seller may do one of two things:
  • accept the offer as it stands
  • counter the offer with changes the seller prefers

The document becomes a binding contract only when one party finally signs and acceptance of the other side's proposal.

The material provided is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information on this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page. 

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