Offer

How to write an offer, finalize a mortgage, prepare for closing day and take possession of your new home.

When you’ve found the home you want to buy, it’s time to review the market comparable and make an offer to the seller.

Prior to writing an offer; I will pull the recent market comparable to the house you're looking to place an offer on. We will review the comparable to determine an appropriate price you should offer.

Your offer must include:

  • your legal name, the name of the seller and the address of the property
  • the amount you’re offering to pay (the purchase price) and the amount of your deposit
  • any extra items you want included in the purchase (for example, window coverings)
  • the date you want to take possession (“closing day”)
  • a request for a current land survey
  • the date the offer expires
  • any other conditions that must be met before the contract is finalized (for example, a satisfactory home inspection)

You should expect to negotiate. While the process can be stressful, it’s all about making the best deal for you and the seller.

Some key items to include in your offer include:

  1. Conditions including:
    • Financing
    • Inspection
    • Insurance
  2. Allowance for multiple follow-up visits
  3. Inclusions including appliances, garage remotes, bathroom mirrors, and window coverings. 

Once your offer is accepted, return to your lender or mortgage broker to complete your financing.

In addition to the signed offer, you will need to bring:

  • a legal description of the property and building specifications
  • the online property listing (or photographs if no listing is available)
  • the most recent property tax assessment
  • an appraisal, home inspection report and land survey
  • estimates for recent or planned renovations
  • heating and utility costs
  • condominium fees (if applicable)

Source: CMHC SCHL Buying Guides

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