Making a home offer
The excitement of finding the home you want or knowing a buyer is preparing an offer, can give way to some anxiety. Buyers and Sellers do not regularly negotiate sale agreements and may not be familiar with the 'ins and outs' of the process. Relying on Cameron Nolan, you know that all of the t's will be crossed and i's dotted. More importantly, you will be fully informed about the entire process, giving you the best advantages to make the best with your real estate transactions.
The offer is known as anAgreement of Purchase and Sale and when accepted by all parties it becomes a legally binding contract (outlining terms such as price, date for completion, conditions) acceptable to both the buyer and seller. While still in the offer stage and before a final acceptance, there may be counter offers from the seller to the buyer and vice versa. Cameron Nolan will guide you through this process, and to the extent possible, help to inform you as to the wants and needs of the other party.
Cameron Nolan will work to have your offer or an offer you are to hear, presented in person by the Buyer and Seller representatives respectively. This helps to ensure the terms of the offer, the needs and expectations of the buyer or seller are understood by both parties. In essence, this is a very personal touch that helps to achieve an agreement that meets all of the parties expectations, and allows for full and professional representation of buyers and sellers one to the other.
Some of the critical considerations in the review or preparation of an offer include:
- Clear and accurate description, including the legal description, of the property
- Accurately name the purchaser and seller
- The Purchase Price offered
- The Deposit offered; deposits may be due immediately or soon after an acceptance of an offer and usually are held in the Listing Brokerage trust account and paid to the Seller on the date for completion of the transaction
- Completion (closing) date
- Chattels included with the sale (i.e. appliances, draperies)
- Fixtures to be excluded from the sale (i.e. chandelier)
- What conditions exist for buyer due diligence, such as sale of a home, property inspection, or financing confirmation
- Terms related to insurance, title search, giving notices, etc.
Having a professional Real Estate Broker like Cameron Nolan to explain your obligations and the risks and rewards of the terms in an offer, helps to minimize your anxiety and maximize your benefits out of an Agreement of Purchase and Sale.
Buying a House
About Cameron Nolan
Cameron Nolan is a long-time resident of Hamilton and a leading residential and commercial real estate broker in the area. His radio show Real Estate Made Simple can be heard on the first Saturday of every month on AM 900 CHML.