Making an Offer

Posted on Feb 28, 2016 by Moreen Lynch

When it comes time to make an offer, your Real Estate Sales Representative can provide current market information which will aid you in presenting your offer.

business, composition, paper, document, form, text, data, horizontal, tax, finance, law, paperwork, agreement, balance, writing, questionnaire, contract, investment, money, no person

Your Sales Representative will communicate the offer, sometimes known as an Offer to Purchase, to the seller, or the seller's representative, on your behalf. Sometimes there may be more than one offer on a property. Your Sales Representative will guide you through this process as smoothly and effortlessly as possible.

Firm Offer to Purchase
Usually preferred by the seller because it means that you are prepared to purchase the home without any conditions. If the offer is accepted - the home is yours.

Conditional Offer to Purchase
Usually means that you have placed one or more conditions on the purchase, such as "subject to home inspection", "subject to financing" or "subject to sale of buyer's existing home". The home is not sold until all the conditions have been met.

Acceptance of Offer
Your Offer to Purchase will be presented at the earliest possible opportunity. The seller may accept the offer, reject it, or submit a counter-offer. The counter-offer could be in reference to any number of factors, including the closing date and/or the purchase price. The offers may sometimes go back and forth until both parties have agreed upon an offer or until one or the other ends the negotiations.

Lynch team
Moreen Lynch
RE/MAX All-Stars Realty Inc., Brokerage
430 The Queensway South,
Keswick, L4P 2E1
Office: 905-476-4111
Direct:(905) 960-0889

Real Estate

Mercer island waterfront estate 1

May 2016: Massive Surge in Luxury Real Estate Demand in Georgina

Posted on Jun 9, 2016
Continuing the conclusions from last month’s report, higher-end and luxurious properties have played a consistent role in Georgina’s Spring Market....
Slide4

May 2016: Slowing growth in price of homes for sale in Georgina

Posted on Jun 9, 2016
It appears as though the market has settled on a “new normal” average price for homes in Georgina, in the...
Slide3

May 2016: Steady Growth in Real Estate Sales Volume in Georgina

Posted on Jun 9, 2016
Homes for sale in Keswick continued to lead the way in regards to transaction volume for the month of May,...
Forest hill

10% of $500,000 - down payment regulation & Georgina Real Estate.

Posted on May 3, 2016
There's an old saying among circles in commercial real estate that goes something like this: If you want to live...
Kw open house

Neighbourhood Open House:

Posted on May 3, 2016
Sometimes You have to think outside the box, You need to think outside the Open House There are a few...
Slide7

Walkability in Uptown Keswick

Posted on Apr 13, 2016
Late in 2015 I wrote this article about why neighbourhood walkability is going to play a large role in the...
Slide6

Walkability in Jackson's Point

Posted on Apr 13, 2016
Late in 2015 I wrote this article about why neighbourhood walkability is going to play a large role in the...
Green communities

Helping Grow Greener Communities: Sustainable Real Estate

Posted on Apr 24, 2016
via Scott Carter - University of Guelph Green business is alive at The University of Guelph’s College of Business and...
Infographic

March 2016 Georgina Real Estate Market Report

Posted on Apr 4, 2016
Click here to download the full report in .pdf form   I've been kind enough to include a Georgina MLS Neighbourhood...
Canary

TECHNOLOGY A DRIVING FORCE IN NEW HOME REAL ESTATE

Posted on Mar 1, 2016
From changes in Ontario’s Electronic Commerce Act that enable new home buyers to sign their Agreements of Purchase and Sale...
156896 1

Land Transfer Tax

Posted on Feb 28, 2016
Buyers in most areas will have to add Land Transfer Taxes to their closing costs Land transfer taxes are a...
Offer

Making an Offer

Posted on Feb 28, 2016
When it comes time to make an offer, your Real Estate Sales Representative can provide current market information which will...
Mortgage

Mortgage Terms and Fees

Posted on Feb 28, 2016
Mortgage Term Over the course of your amortization period, you may have many different mortgages. The term is simply the...
Rates

Mortgage Types

Posted on Feb 28, 2016
Conventional and High Ratio Mortgages To qualify for a conventional mortgage, you simply have to have a 20% down payment...