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When it comes time to make an offer, you will require current market information and assistance in drafting and negotiating your offer. You will need a Real Estate Professional.
Irene or Philip will communicate your Agreement of Purchase and Sale to the seller, or the seller's representative, on your behalf. Sometimes there may be more than one offer on a property at the same time (a multiple offer situation, also known as a bidding war). We will guide you through this process.
Firm Offer to Purchase
A firm Agreement is usually preferable to the seller, because it means buyers are prepared to purchase the home without any conditions.
Conditional Offer to Purchase
Usually this means there are 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 actually sold until all the conditions have been met.
Acceptance of Offer
An Agreement of Purchase and Sale is presented to a seller who may accept the offer, reject it, or submit a counter-offer. The counter-offer may be in reference to the price, closing date, or any number of variables. Offers can go back and forth until both parties have agreed to terms or either side ends the negotiations.
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