Make an Offer
You’ve found a home? Congratulations! Now, if you actually want to make it yours, you have to make a successful offer, one that the seller will accept.
Preparing the offer
REALTORS® are expertly trained and will prepare the offer for you. Here’s some terms you’ll see in the offer
- Buyer or Purchaser - That’s you
- Seller or Vendor - The present owners
- Purchase Price - The most important number - let’s hope the seller goes for it
- Deposit - A cheque you write to the seller’s broker, who deposits it in a trust account. This is your way saying “my offer is serious.” The size of the deposit is up to you.
- Clauses particular to this agreement - Every transaction is unique and your REALTOR® may add conditions important to you. Making your offer conditional upon a proper Home Inspection is a good idea.
- Chattels included and fixtures excluded - Be sure you know what is included with the house! The washer and dryer, the microwave, draperies, light fixtures. Don’t leave anything to ‘chance’ because chances are it won’t be there when you move in.
- Irrevocability of the offer - The length of time you give the seller to consider your offer. Usually less than 48 hours.
- Completion date - The glorious day you take possession! Often 30 or 60 days after signing.
- source edmonton real estate board