Seven Major Elements in an Offer On a Calgary Home For Sale

Price:  Depending on the Calgary real estate market and the discretion of the buyer, the price offered is generally different from the asking price.

Deposit:  The deposit, which is required by law, shows the buyer’s good faith and will be applied against the purchase of the Calgary home for sale when the sale completes. I 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.

Conditions: These are conditions we put on the purchase of the home for example “Subject to Financing” “Subject to Home Inspection” or “Subject to Condo Document Inspection”

Inclusions or Exclusions:  These might include appliances, often referred to as “chattels”, certain fixtures or decorations such as mirrors or window coverings.

Closing Date:  Generally this is the day the title of the property is transferred to the buyer and the funds are received by the seller.

Possession Date:  The date the buyer has access or possession of the property.