How to Make An Offer
- When it comes time to make an offer, your Royal LePage Real Estate Professional
can provide current market information and will assist you in drafting your offer.
- Your Royal LePage Real Estate Professional 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 coming
in at the same time. Your Royal LePage Real Estate Professional can guide you through
*Offer to Purchase
: a legal document which specified the terms and conditions of your offer to purchase
- The offer can be firm or conditional.
Firm Offer to Purchase: usually preferable to 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: 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.
*In the province of Quebec, this is referred to as a "Promise to Purchase".