MAJOR ELEMENTS OF AN OFFER

PRICE... Depending on local market conditions, the Buyer's choice of representation, the Buyer's opinion of value and market information provided by the Buyer's Realtor, the price you are offered may be different from the asking price - more or less.

DEPOSIT... The Deposit shows the Buyer's good faith and will be applied against the purchae of the home when the sale closes. Jim & Iris can advise you on what an appropriate amount should be.

TERMS... Includes the total price offered and the financing details. The Buyer may arrange his own financing or ask to assume your existing mortgage, especially if it has an attractive interest rate.

CONDITIONS... These might include "subject to home inspection", subject to Buyer obtaining financing" or "subject to the Buyer selling his property".

INCLUSIONS AND EXCLUSIONS... These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

CLOSING AND POSSESSION DATE... Generally, the day the title of the property is legally transferred and the transfer of funds finalized unless otherwise
specified.