Title Insurance
There are six key components to the elements of an offer. They are as follows:
- PRICE – Depending on the local market, conditions and information provided by me, your Real Estate Professional, the price you offer may be different from the seller’s price.
- DEPOSIT – Your deposit shows good faith and will be applied against the purchase of the home when the sale closes. As your Real Estate Professional, I can advise you on an appropriate amount.
- TERMS – Includes the total price offered and the financing details. You arrange your own financing or ask to assume the seller’s mortgage, especially if it has an attractive interest rate.
- CONDITIONS – These might include “subject to home inspection”, “subject to you obtaining financing”, “subject to you selling your property”
- INCLUSIONS AND EXCLUSIONS – These might include appliances and certain fixtures or decorative items such as window coverings or mirrors. These items would remain in the home.
- CLOSING OR POSSESSION DATE – Generally the day the title of the property is legally transferred and the transaction of funds finalized.