The Offer

     There Are Several Pieces That Make Up an Offer

"I'm gonna make him an offer he can't refuse."

(Did you read that like Marlon Brando / Don Coroleone said in the Godfather? Yeah, me too...)

     There are several components to an offer that should be considered when preparing an offer as well as when reviewing an offer. Most ofthen, the conversation turns immediately to price. How much did you offer or what did you get? Price is important of course but there are other considerations that should NOT be overlooked that make up the whole package.

     Closing is important. The difference between a quick close, say 15 to 30 days or a longer closing of 90 to 120 days might make a huge difference from either perspective. Are you able to make the change in a shorter period of time? Do you have to make the change at a specific time due to another property closing, a job, school district or any other variable that guides you?

   

     The conditions included with the offer may slow the process down, could ultimately prevent the closing from happening and result in a loss of momentum or valuable time. Conditions such as home inspection could turn up problems that even the seller was not aware of resulting in additional unanticipated challenges. What if the offer includes the condition of sale of another home? It may or may not happen and therefore interfere with the property at hand.

     The deposit that comes with the offer may play a role in determining the strength of the offer. Does this differentiate one offer from another?

      

         Inclusions and exclusions can impact the value perception of the home. When a home shows beautifully with beautiful light fixtures, appliances and a hot tub, the listing may have these items excluded from the purchase resulting a very significant surprise for a new buyer immediately upon move in. The inconvenience alone would be disheartening let alone the thousands of dollars that would be required

     All of this just to say - don’t be shortsighted by looking only at select individual components of the offer. Rather, consider the complete package that is made up of several moving pieces. It is the combination of this collective that will guide you with the overall offer package.

    Thanks for Reading, 

    As Always, Here and Happy to Help!

    Andrew 416-276-5453