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JOELLEN WRIGHT

Sales Representative
2016-2018 President's Gold Award
Mobile:(519) 878-3337

London North

1673 Richmond Street,
London ON
N6G2N3
CA
Receiving An Offer

A buyer's realtor communicates the offer, sometimes knows as an Offer to Purchase (a legal document specifying the offers terms and conditions) to you and I.  The offer states how much the buyer is willing to pay and details the conditions.  The offer can be firm or conditional.

Firm Offer To Purchase
Usually preferable to the seller, because it means that the buyer will purchase the home without any conditions.  If the offer is accepted, the house is sold.

Conditional Offer To Purchase
Means the buyer has placed one or more conditions on the purchase (i.e. home inspection, financing, sale of existing house, etc.)  The home is not sold until all the conditions have been met.  The seller can accept the offer, reject the offer or make a counter offer.

Acceptance
The seller agrees to all the terms and conditions exactly as set forth in the Offer ot Purchase.

Rejection
The seller does not agree with any of the terms and conditions set forth in the Offer to Purchase.

Counter Offer
The seller agrees with some of the terms and conditions of the offer, but not all of them.  The seller than makes a counter offer.  The counter offer may change the price, the closing date, or add or delete conditions.  When the buyer receives the counter offer, he or she cna accept the new terms and conditions or reject them.

A signed offer is a binding contract.  Make sure you understand and agree to all of the terms before you sign.

All information is deemed reliable but is not guaranteed accurate by LSTAR. (ie. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.)

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Royal LePage Triland Realty, Real Estate Brokerage
1673 Richmond Street
London ON  N6G2N3
(519) 661-0380
Real Estate License # 2455579