PREVIEWING PROPERTIES
We know how busy life can get and your time is valuable! We’ll help streamline the best 5 to 8 properties to preview and ensure they meet your criteria so you aren’t wasting your time. You can preview these homes in person or virtually. We’ll help you keep track of which homes you view and then discuss honest feedback on each. You’ll have a chance to rate each home on a scale from 1 to 10. Typically your ratings will have these results:
2:20
8-10 = submitting an offer
7 = possible offer
1-6 = no offer
MAKING AN OFFER When you find the right place, the next step is to submit an offer. In today’s market, there are a couple of different strategies Sellers will have to accept an offer. A lot of properties are sold in multiple offers (otherwise known as bidding wars; when there is more than one offer on the same property) or through pre-emptive offers (where an offer is submitted in advance of a specified offer date). A pre-emptive offer is also known as a “bully offer”. When you submit an offer (Agreement of Purchase and Sale), the main components for you to consider are:
OFFER PRICE The amount you are willing to pay. This may be the final amount or the starting point of negotiations DEPOSIT This is typically 5% (or more) of the purchase price and is payable by bank draft or certified cheque within 24 hours of offer acceptance or in some cases, with the offer,
CLAUSES A clause is a term or terms necessary to include in your offer to protect you through the purchase process CONDITION A condition is a clause the Buyer needs to waive or fulfill by an agreed time in order for a sale to be finalized. The most common conditions are: financing, inspection, lawyer review and status certificate review.
CLOSING/COMPLETION DATE The date that you pay for and take title/ownership of the property
CHATTELS AND FIXTURES Otherwise known as
inclusions and exclusions; these are the items that you wish (or the Sellers wish) to be included or excluded from your offer.
depending on circumstances
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