Accepting an offer

The Price Is Not Always Right.

“The higher the price, the better the offer.” Do not let yourself be fooled by this popular misconception. Price is not always the determining factor when accepting an offer for several important reasons: the initial offer is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust our professionals to help you thoroughly evaluate every proposal without compromising your marketing position.

Negotiating The Right Way.

We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to find a win-win agreement that is beneficial to all parties involved. You may even have to deal with multiple offers before ratifying the one you judge to be the most suitable for you – and as your agents, we will guarantee a thorough and objective assessment of each offer to help you make the right choice.

The Initial Agreement and Deposit.

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller. Laws vary from Province to Province, but to be a legal binding agreement, the agreement may require consideration. This consideration (initial and additional deposit) is to be held in the Seller’s Real Estate Brokerage Trust Account pending the effective agreement’s fulfillment of conditions or contingencies.

Here are some key tips to streamline the process:

• Keep Written Records of Everything.
  To avoid any confusion, it’s essential to convert all verbal agreements, including counter-offers and addendums, into written agreements that are signed by both parties. Our team will assist in drafting all the necessary paperwork and ensure you have copies of everything for your records.
• Stick to the Schedule.
  Once your offer is accepted, a timeline will be established to mark key milestones in the closing process. Meeting these deadlines is crucial to maintaining the flow of negotiations and avoiding any breaches of agreement. We will keep you informed at every step to ensure you’re prepared for what comes next.