That’s it! You pre-approved your home mortgage loan, you shop and found the house of your dreams. It is time to make an offer. Here follow different important parameters to consider when you make an offer.
The deposit: The deposit shows your strong intention to purchase the house and will be deducted from the purchase price when you will close the sale.
Selling conditions: Conditions may include the inspection of the house, the approval of home mortgage loan, the sale of the buyer’s house, etc.
Home price (which indicates the amount of your home mortgage): Depending on market conditions, your opinion on the value of could differ from the reality. The price you offer may be different from the price asked by the seller.
Repayment terms: The repayment terms includes the total price offered for the house and the funding details. You can make your own arrangements for financing or ask to resume the seller’s home mortgage loan, especially if the interest rate is beneficial for you.
What is included and excluded from the offer: Some offers may include appliances and certain items such as window coverings or mirrors.
Closing date: The closing date is usually the day the property title is legally transferred and the day when the fund transfer from your home mortgage loan is finalized.
That’s all for this article. If you have any comments or experience to share, please write it right away! You will help a lot of people to get good information and avoid mistakes!
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