When submitting an offer on a property, there are multiple ways to do. However, regardless of the format used, it is essential that certain minimum requirements be included in writing to ensure clarity in the transaction. It is best to have the written offer explicitly approved by the offeror. Although negotiations can be conducted over the phone, in person, or by other means, the advisor should be sure to send an electronic copy in writing to avoid misunderstandings.
All offers should include:
- 1Full name of the client making the offer
- 2Specify on which property the offer is being made
- 3Terms of payment including the amounts involved
- 4Details of who would pay for the transfer or if there are any special conditions
- 5Expected payment terms
- 6Expected delivery time
- 7Expectation for Due Diligence/verification process
- 8Specify if furniture, appliances, etc. are included
- 9Specify if it is an escrow/trust transaction and under which legal framework the transfer will be handled (partnership, individual, etc.)
- 10Expectation of response or time of validity of the offer
- 11(Optional as reinforcement) Details on the payment of the commission for representation services (agency / advisor)
- 12Other requirements or conditions of the offer
Ensuring that your offer for a property is clearly set out in writing is key to avoiding confusion and ensuring a successful transaction. Please do not hesitate to contact our real estate advisors, who are available to guide you through every step of the process and ensure that your offer meets all the necessary requirements.
