Making an Offer to Purchase – Caledon Ontario


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Related Article: Looking at Properties in Caledon
Related Article: Buying – Closing the Sale, Caledon Edition


When I draft the legal purchase documents, there are five main elements to keep in mind:

  • Price – this does not have to be the same as the Seller’s asking price. There are many factors to consider, Is the home priced at fair market value? Is there work that needs to be done immediately, Has the home been on the market long? Are homes moving quickly in the area? I will help you determine all of these factors and help you decide on a good price when making an offer to purchase.
  • Deposit – shows your good faith and will be applied against the purchase of the home when the sale closes. A deposit should be at least 5% of the home’s purchase price.
  • Conditions – standard conditions can include the following clauses: subject to home inspection, subject to you obtaining financing, or subject to you selling your existing property. However, a condition can specify almost anything. Sellers obviously do not like to have their homes effectively off the market while they wait for conditionals to firm up, so the shorter the conditional period (i.e. 3-5 business days) the better chance the Seller will accept your offer.
  • Inclusions/Exclusions – your offer may be contingent on including certain home items in the sale, such as appliances, fixtures, and finishing items, if you like it then it can be included.

The Closing Date – the Seller will often specify the date or date range they would like to close on the property and your offer should closely match this. The closing date is the day the title of the property is legally transferred to you and all funds go to the Seller.

Jennifer Jewell Avatar

Jennifer Jewell, a licensed real estate representative serving Caledon, Orangeville, Shelburne, Dufferin County and Peel. A graduate of both Humber College and the Ontario Real Estate College Jennifer earned her stripes selling a high volume of real estate in the city, gaining the experience of handling twenty-plus multiple offer situations with a top one percent, multiple award-winning real estate group. A ten-year resident of Dufferin County Jennifer made the move north and quickly made a name for herself, with a reputation for tenaciously protecting her client’s interests. Jennifer is dedicated to serving you with savvy client-focused negotiations and state-of-the-art marketing strategies. Loyal clientele, personal referrals and repeat business form the foundation of Jennifer’s career offering seamless assistance to you for every aspect of your home purchase or sale. Contributor to the Toronto Star, Orangeville Banner and Caledon Citizen as well as being named ThreeBest Rated Five years straight with over 150+ Google reviews and growing. Get in touch with Jen here.

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