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===If you get an offer to purchase=== | ===If you get an offer to purchase=== | ||
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| image = [[File:Jasmin.jpeg|link=]] | |||
| text = “After our kids left for university, we decided to downsize. We got four offers on our home at the first open house. I had no idea there was so much to consider. Between the subject to clauses, the offer prices, the closing dates — it was dizzying. And that was before we even figured out the financing part of it."<br> | |||
- Jasmin, Surrey'' | |||
}} | |||
If someone offers to buy your home, they will present an '''offer to purchase'''. This is a contract setting out the terms of the sale of your home. It is usually written on a standard form provided by the local real estate board. Once you and the buyer sign the offer, it is a binding contract of purchase and sale. | If someone offers to buy your home, they will present an '''offer to purchase'''. This is a contract setting out the terms of the sale of your home. It is usually written on a standard form provided by the local real estate board. Once you and the buyer sign the offer, it is a binding contract of purchase and sale. |
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