Rick Boire REALTOR - Realty Executives Saskatoon

Create the Offer to Purchase

Before the Contract of Purchase and Sale is created, it is very important that you have been either pre-qualified or pre-approved by a lender. This is one of the best negotiating tools a buyer can have. It shows the Seller that you are financially able to purchase the home. After you have found the right home, it is time to prepare the Contract of Purchase and Sale which covers all facets of the purchase process, such as:

Purchase price
Amount and type of deposit
Conditions (financing, inspection, etc.)
Personal items you wish the Seller to include (washer/dryer, etc.)
Closing date
Time limit of the Contract of Purchase and Sale
Responsibilities of both Buyer and Seller

Once you make the offer, I will present it to the Seller’s REALTOR. The Seller may accept it, prepare a counter offer, or reject the offer all together. Once the offer is accepted, it is a legally binding contract.