Laurie and Dan Coveduck Ottawa Riverside South Real Estate Royal LePage

DISCOVER
OTTAWA REAL ESTATE
with
Laurie & Dan
Coveduck
Sales Representatives
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Team Realty Ltd. Brokerage
Independently Owned and Operated

Office: 613-667-5555

Toll Free: 800-307-1545

laurieanddan@coveduckhomes.com

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Receiving an Offer

How does my Royal LePage REALTORŽ help me manage my offers?

A buyer interested in purchasing your property will make an offer and, as an act of good faith, put down a deposit.

The buyer's REALTORŽ communicates the offer, sometimes known as an Offer to Purchase (a legal document specifying the offers terms and conditions) to you or your representative. 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, such as subject to home inspection, subject to financing, or subject to the sale of buyer's existing home. 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 to 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 then 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 can 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. You may want to have a lawyer review the offer first.

Return to: Listing
or
Selling

Laurie & Dan have answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Laurie & Dan or click on "Ask Your Own Questions."

They can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like them to help you locate a home, please fill out their Information Request Form.

Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address.
Laurie & Dan can also help. Just fill out their, I would like an address form, please !

Or perhaps you are considering selling your home in the near future, they can also offer you a Complimentary No Obligation Market Evaluation Form