Agreement of Purchase and Sale Major elements of an offer
Sample of Agreement
of purchase and sale
Amit will walk
you through the entire offer presentation process including important clauses,
legal documentation, terms and conditions etc. Amit is an experienced negotiator and will manage your offers and counter-offers.
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
These might include "subject to home inspection", "subject to the buyer
obtaining financing", or "subject to the sale of the purchaser's property."
There can be many conditions that can protect a home buyer or a home seller,
and as your Realtor, Amit will show his due diligence to protect the interest
of his clients, buyer or the seller.
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.
Contact Amit,
Mississauga Area Realtor for your home buying advice.
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