Tips for Making an Offer on a London Ontario Home- Noted Real Estate Professional Kathy Mendham-Meathrel Spills the Beans and Reveals the Secrets That Agents Know

When you have found your dream home in London Ontario, you've just started the process.  Now, you have to convince the seller to sell to you versus everyone else who is looking.  Knowing what to ask for and how to say it is especially crucial so learn from real estate agents in London Ontario.

Since an oral agreement is legal, but not enforceable in buying a home, you have to have everything in writing.  This is an essential role for a London Ontario real estate agent.  Their expertise and experience will come in handy to know what to look out for. Remember that your agent is in the field everyday and knows what most sellers are thinking.

The Ontario purchase agreement will have to be written on forms recognized by the state.  Since these forms are updated on a regular basis, a London Ontario real estate agent will have them at their disposal along with the knowledge on how to properly fill them out.  This is important in that a wrong entry could cost your money- or the house.

Your offer will contain many items such as the price, closing costs paid by either or both sides, closing date and when you will be able to take possession.  If there are any issues from an inspection, this is the time to ask for the repairs.  You will also determine how much earnest money to pay and which agency will hold it.  You will want to put a time limit on your offer and any contingencies that may be available to you, such as a due diligence period. 

Another part of the Ontario contract may include your loan information and the lender that you are using.  The seller will want to know so they can determine if you are qualified to buy.  Your personal information will not come into play- just the basics to aid in their decision.

If termite letters or anything else related to getting your mortgage is necessary, it will be spelled out in the contract as well.  This is because some loans have special requirements in order to close.  When properly filled out, the contract will have your best interests covered and still get you a good deal on your home.

To make sure your needs are protected in the real estate transaction, visit my site at www.kathymm.ca to get free information about London Ontario real estate. You can also call me directly at (519) 854-1974 anytime!

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 Tags: London Ontario Real Estate

Article's Author

Kathy Mendham-meathrel
Realty Executives Elite Ltd Brokerage
London, ON

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