Agreement of purchase and sale and offer process
Sample of Agreement
of purchase and sale
Before you sign as any offer, Amit walks
you through the entire offer process including important clauses, legal
documentation, terms and conditions in order to protect your best
interest as his client. Amit is an experienced negotiator and will manage your offers and counter-offers.
Some important elements of offer:
Price
Depends on the market and the buyers, but generally, the purchase price
offered is different from the asking price.
Deposit
The deposit shows the buyer's good faith and will be applied against
the purchase price of your Mississauga Toronto area home when your sale
closes. As your buyer agent, Amit will advise you on the suitability of
the amount of the deposit being offered.
Terms
Includes the total price the buyer is offering as well as the
financing details. The home buyer may be arranging his/her own financing
or may ask to assume your existing mortgage.
Conditions
The offer to purchase is made conditional to various clauses in
order to protect the buyers and the sellers. These conditions can be
unique to every situation. In general, they can be subject to- "home
inspection", "buyers obtaining financing", or "sale of seller's property",
"lawyer's approval", "condominium status approval", " survey",
"home handed over clutter free", "revisit" and many more.
Inclusions and Exclusions
These might include appliances and certain fixtures or decorative items,
such as window coverings or mirrors.
Closing or Possession Date
Generally, the day the title of the property is transferred to the
buyer and funds are received by the seller. Once you have signed the
agreement of purchase and sale, you should follow these
closing steps for a hassle free closing.
|
