How to make a purchase offer

The number of other buyers, the motivation of the seller and the amount of repairs needed on a property will have an impact on the amount of the Purchase Offer.
If the seller does not agree with the conditions of the Purchase Offer, the buyer is not legally obligated to buy the home.
The visit of a housing inspector will involve checking the condition of the doors and windows, the basement and foundations and the electrical system.
It is highly recommended to obtain a detailed written report of the results of the home inspection, as well as an estimate of the costs of the repairs.
It is recommended to stipulate an acceptable housing inspection as a condition of the offer because it will allow you to be aware of potential costly arrangements, which may have an impact on your offer, and this will give you an idea about what to expect regarding the maintenance of the home. .
The buyer is usually the one who pays the cost of the home inspection.
It is also convenient to be accompanied by a lawyer during the Purchase Offer process as it may be necessary to add additional conditions to the offer that you had not taken into account.
The deposit that is made with the Purchase Offer, called the guarantee deposit , is delivered to the real estate agent for him to deposit it into an escrow account . If the sale is made, the amount of the guarantee deposit will be deducted from the amount owed to the seller at the close of the transaction. If the sale is not finally made, the guarantee deposit will be refunded.
The seller may change some conditions of the buyer's offer, choose not to include items such as artifacts and may also reject the counter-offer and sell the property to another buyer. The buyer is not obliged to accept the counteroffer proposal from the seller.


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