READY TO MAKE AN OFFER?

Once I have found the home which best suits your needs and budget, the next step is to have an offer to purchase drawn up. As this is a legally binding document, it should never be made on impulse or under pressure. By the time we reach this stage, you should be feeling comfortable about your decision to make an offer.

I will prepare the offer on your behalf at our office. We will review the offer together in detail before it is presented to the Seller and their agent. I encourage you to ask as many questions as you'd like. It is important that you feel secure and well-informed so that you understand exactly what it is you're signing.
In Toronto 416.481-6137 or email by clicking here
Lifestylespecialist.com Copyright 2006 - 2011
JANICE VARASTEH  |  SALES REPRESENTATIVE  |  BOSLEY REAL ESTATE LTD., BROKERAGE  |  276 MERTON STREET  |  TORONTO  |  ONTARIO  |  M4S.1A9  |  PHONE. 416.481.6137  |  FAX. 416.480.2548  |  ASKJANICE@LIFESTYLESPECIALIST.COM
The offer will clearly outline all terms and conditions of the sale including, among other details, the following:

  • Basic details such as your name, the name of the Seller and the legal and civic address of the property you are offering to purchase




  • The proposed purchase price
  • A list of all items included in the purchase price (e.g. appliances, carpeting, fixtures, etc.) as it compares to the original real estate listing, noting any additions or exclusions; stipulation that there are no liens or payment dates due on these items
  • Explicit details of all financial arrangements (e.g. amount of your deposit, refund of interest on deposit, amount of down payment and mortgage, etc.)
  • Closing date for the sale of the property
  • Full details concerning the Seller's mortgage if you are assuming it. (If their existing mortgage rate is significantly lower than current rates, vendors sometimes include the option to take over their mortgage or "assume" it as an extra inducement to sell their home.)
  • If assuming the mortgage is not a consideration, the owner must provide clear title to the property, free of all encumbrances, and all existing mortgages must be discharged with sale proceeds on closing.
  • Date of occupancy
  • any conditions attached to the sale (e.g. satisfactory home inspection; mortgage approval; financing approval; sale of an existing home, etc.)
  • Any specific obligations to be fulfilled by the Seller between the closing date and the date of occupancy (e.g. repair and/or painting of areas structurally altered by the Seller upon vacating the premises)
  • Time period for which the offer is in effect (from as short a period as several hours to as long a period as a week or two)
  • A Certificate of Location or land survey may be required by your lender for mortgage approval and by the lawyer or notary for transfer of ownership.

For questions or comments, call me at 416-481-6137 or email me directly. I am easily accessible to answer your questions, make inquiries on your behalf and to make the entire process comfortable and fun!