A copy of the offer to purchase or the building contract, if this document has been prepared. The Major Elements of an Offer 1. Price Depending on local market conditions, your choice of representation, your opinion of value and market information provided by your Real Estate Professional, the price you offer may be different from the seller's asking price. The Deposit shows your good faith and will be applied against the purchase of the home when the sale closes. Your Agent can advise you on an appropriate amount.
Terms Includes the total price offered and the financing details.
You may arrange your own financing or ask to assume the seller's mortgage, especially if it has an attractive interest rate. These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors. Generally, the day the title of the property is legally transferred and the transaction of funds finalized unless otherwise specified. How to make an offer When it comes time to make an offer, Your Real Estate Professional can provide current market information and will assist you in drafting your offer. Your Agent will communicate your offer, sometimes known as an Offer to Purchase, to the seller, or the seller's representative, on your behalf.