Price: Depends on the market and
the buyers, but generally the price offered is different
than the asking price.
Deposit: Shows the buyer's good
faith and will be applied against the purchase price of
the home when the sale closes.
Terms: Includes the total price
the buyer is offering as well as the financing details.
The buyer may be arranging his/her own financing or may
ask to assume your existing mortgage if you have an
attractive rate.
Conditions: These might include
"subject to home inspection," "subject to the buyer
obtaining financing" or "subject to the sale of the
purchaser's property".
Inclusions and Exclusions: These
may include appliances and certain fixtures or
decorative items, such as window coverings or light
fixtures.
Closing or Possession Date:
Generally, the day the title of the property is
transferred to the buyer and funds are received by the
seller, unless otherwise specified (except in Manitoba
and Quebec).
