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Offer Elements

Here's a quick reference to everything you need to know about making an on offer on a property.

1. Price 
Depends on the market and the buyers, but generally, the price offered is different from the asking price.

2. Deposit 
Shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. Your agent can advise you on a suitable amount to offer.

3. Inclusions and exclusions 
These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.

4. Conditions 
These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser’s property."

5. 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.