
What Home Buyers Need to Know Before Making an Offer
Congratulations! You’ve finally found your dream home.
Here is where things get very serious. Your real estate agent and/or lawyer will help you prepare your offer to purchase. Before you sign an offer, there are a few things you should know.
What Your Offer Must Include
When your offer to purchase is drawn up, it must include the following:
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Your legal name
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The name of the seller
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The property address
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The purchase price you are willing to pay
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The amount of your deposit
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Any extra items you expect to receive such as appliances or window coverings
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The closing date when you will take possession
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A request for a current land survey
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The date the offer expires
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Any other conditions such as a satisfactory home inspection
Common Conditions for a Purchase to Offer
Your offer to purchase will also add some common conditions, including:
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The seller being confirmed as the legal and registered owner of the property
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Resolving any issues discovered by your lawyers such as liens or defects
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That all complaints and concerns are made by you prior to signing and cannot be brought up once the offer is accepted
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A conditional sale based on you selling your current home if you own one or on your arranging financing
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The seller must provide a survey of the property
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A Status Certificate be provided when purchasing a condo
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The offer is void if problems are discovered during a home inspection
We can help answer any questions you might have regarding your mortgage and pre-approval to make the offer to the purchase process more comfortable.