When it comes time to make an offer, your Real Estate Professional can provide current market information and will assist you in drafting your offer.

Your 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 Real Estate Professional can guide you through this process.

*Offer to Purchase: a legal document which specifies the terms and conditions of your offer to purchase the home.

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".

Acceptance of the Offer

Your Offer to Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer. The counter-offer may be in reference to the price, the closing date, or any number of variables. The offers can go back and forth until both parties have agreed or one of you ends the negotiations.

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Return to Guide to BUYING Your Home

Elaine has answers to your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Elaine or click on "Ask Your Own Questions." Elaine can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her Information Request Form. Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Elaine can also help. Just fill out her Would like an address form, please ! Or perhaps you are considering selling your home in the near future, she can also offer you a Complimentary No- Obligation Market Evaluation Form Site Index: Home Page Properties For Sale   l   Info for Buyer's & Seller's   l   Our Newsletter   l   Your Winning Team Our Real Estate Market   l   Get in touch   l   Elaine's BIO   l   Links   l   Site Map Email Elaine Copyright 2007 www.ElaineSmallwood.com. All Rights Reserved. All information deemed to be accurate but not warranted. Performance Realty is independently owned and operated, Brokerage This web site is designed & maintained by: John Smillie / Lasting Impressions