Buying: Writing An Offer

Writing-an-offer-(2)We will determine an offer price. I have access to a vast database of past property deals so we can often find good comparables to help determine a fair market price.

As we write the offer, we will include some terms and conditions to protect you. Every deal is different in this regard.

We will include a proposed possession date.

It is usual for a deposit cheque to accompany the offer (the amount will vary according to the transaction).

If a deal is agreed, the deposit will be held in the trust account of the selling brokerage (these accounts are heavily regulated to ensure proper management and security of funds). So long as you show good faith in trying to clear your conditions, your deposit will be returned if the conditions can’t be met.