A Counter-Offer is started by the Seller once the Buyer makes an Offer to purchase the property. A Counter-Offer may be in reference to the price, closing date, or any number of other variables. Counter-Offers can volley between Buyer and Seller until both parties have agreed to terms or either [...]
The date and time an Offer will expire is known as the irrevocable date. The Offer is nullified if it is not accepted or countered by the stated time.
When there is more than one offer pending on a property.
A predetermined date and time when the Seller and their Agent are going to meet to review offers.
An offer made prior to the designated offer review date, in an attempt to avoid competing with multiple offers.
An offer that is dependent on one or more conditions, such as subject to home inspection, subject to financing, subject to sale of buyer’s existing home.
An offer without any conditions attached
The day Title of the property is legally transferred from the Seller to the Buyer. Title is a legal term associated with the person who has legal ownership of the property.
You may have noticed that more and more Agents are working on teams or in groups. The individual members of a team or group are Agents or brokers belonging to the same brokerage (in most cases) who have decided that the effective efforts of a team are greater than any [...]
Every real estate Agent or broker is required to work for a Brokerage. The Brokerage employs real estate Agents and brokers to perform the day-to-day listing and selling activities of trading in real estate. There are several different real estate companies in Canada. Examples include Royal LePage, ReMax, Keller Williams. [...]