The Elements of an Offer

Here's a quick reference to everything you need to know about making an offer on a property.

1. Price

Depends on the market and the buyers, but generally, the price offered is different from the asking price.

2. Deposit

Shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. We can advise you on a suitable amount to offer.

3. 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.

4. Conditions

These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser's property."

5. Inclusions and exclusions

These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.

6. 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).

Video Library

Video: The Importance of a Local Agent

Video: Multiple Offer Situations

When you're buying or selling a home, finding the right agent is half the battle.


To ensure a good experience, you need to work with a professional who knows the area well and can help you negotiate the best possible price.

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