7 things to include when making an offer on a home

by | Nov 11, 2016 | Home ownership

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You’ve found the perfect home.
You attended several open houses, checked out a few homes with your realtor, and finally found one that fits your budget, is in the perfect neighbourhood, and has most of the features you want. What now?
Well, the next step is to submit an offer to the home seller.
If you’re working with a realtor, they can help you put together your offer. If you’re working on your own, then meet with a lawyer, who will be able to work with you in drafting your offer to purchase. Getting a lawyer is a good idea anyhow, since you’ll need legal assistance for the property transfer if the sale goes through.
When making an offer, there are 7 things you should include:

  1. The purchase price offered
  2. The amount of the deposit
  3. Extra items, such as window coverings, refrigerator, stove, washer, and dryer, that you might want to negotiate into the purchase price (also called chattels)
  4. The closing day (date you take possession of the home), usually 30 to 60 days from the date of agreement
  5. A request for a current land survey of the property
  6. The date when the offer becomes null and void
  7. Any other conditions that go with the offer, including approval of “mortgage financing” and a “home inspection”

If you have any questions about making an offer on a home, contact us today.