Depending on the local market conditions, your opinion of value and market information provided by Bob Ferguson, your Royal LePage Real Estate Professional, the price you offer may be different from the seller's asking price.

2. Deposit

The deposit shows your good faith and will be applied against the purchase of the home when the sale closes. Bob Ferguson can advise you on an appropriate amount.

3. Terms

Terms include the total price offered and the financing details. You may arrange your own financing or ask to assume the seller's mortgage, especially if it has an attractive interest rate.

4. Conditions

These might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property".

5. Inclusions and Exclusions

These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

6. Closing or Possession Date

Generally, the day the title of the property is legally transferred and the transaction of funds finalized, unless otherwise specified (except in Manitoba and Quebec). Note: In British Columbia, the Possession Date is legally 1 to 3 days after closing.

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