Making an Offer | Types of Offers | Buying Toronto Real Estate When it's time to make an offer to buy, I will assist you in drafting your offer and will communicate the offer, sometimes known as an Offer to Purchase, to the seller, or seller's representative, Sometimes there may be more than one offer on a property coming in at the same time. As your Real Estate Professional, I can guide you through this process.

Firm to Offer Purchase

Usually preferable to the seller, because it means that you are prepared to purchase the home without any conditions. If the offer is accepted, the home is yours. This usually occurs in Multiple Offer situations. 

 

Conditional Offer to Purchase

Usually means that you have placed one or more conditions on the purchase, such as "Conditional on Home Inspection", "Conditional on Financing" or "Conditional on the Sale of Buyer's Existing Home". The home is not sold until all the conditions have been met.

 

Acceptance of Offer

Your Offer to Purchase will be presented as soon as possible. The seller may accept the offer, reject it, or submit a counter-offer (also known as a sign-back). The counter-offer may be in reference to the price, the closing date, or any number of variables as can an acceptance or rejection. The offers can go back and forth until both parties have agreed or one of you ends the negotiations.

 

Documentation

The offer to purchase a house or condo is made on an Agreement of Purchase and Sale. A sample can be viewed by clicking here.

 

Please browse this Toronto Real Estate Site for information on buying or selling a Toronto Home or Condo. If you would like more information on making an offer,  or for more information on buying a home please do not hesitate to call me at (416) 737-7700, or please complete the form below.