Erin Mills Real Estate

Erin Mills Homes For Sae| How to make An Offer

It’s Time to Make an Offer
Put yourself in the seller’s shoes and imagine how they may react to everything you’re about to put in your
offer on one of Erin Mills Homes for sale or any other home in Ontario. Oral promises are not legally enforceable when it comes to sale of real estate. Please be sure you havecommunicated
everything you want in the offer to your agent.

Erin Mills Homes For Sale | How To Choose Fair Price

Have your realtor do a comparative market analysis for you. It will show you the fair market value of the property.
The following factors could affect price.
• Condition of home
• New home improvements
• Market conditions
• Seller’s motivation
• Seller concessions – do you want them to pay closing costs? Expect to pay a little more

Earnest Money

You will need to put up some money to show the seller you are sincere about purchasing the home. Your agent
can give you guidelines on how much to offer.
Financing Contingency
You will probably need a mortgage. Even if you are preapproved the lender will still need time to get the appraisal
done, order title, etc. Your agent can advise you on how much time to allow for.
Home Inspection Of Erin Mills Homes For sale
Don’t skip this. It’s money well spent in the long run. If the home has major issues, you’ll want to know before
buying it, not when you’re stuck with it after closing.
Disclosures
Make sure you receive all proper seller disclosures. Federal law requires the seller to disclose all material
defects that they are aware of.
Multiple offers
It doesn’t have to be a ‘hot’ market for a seller to have the luxury of choosing between multiple offers. If you
find yourself in a multiple offer situation, don’t panic and don’t withdraw your offer – you could be the highest
bidder. Go through at least one round of negotiations before you decide to withdraw. Have a price in mind
of where you want to go and stay in the game until the price is reached. Many buyers lose the property by
pulling out too soon.

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