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Your offer or agreement will include:

  • Basic details, such as your legal name, the name of the vendor, and the legal and civic address of the property.

  • The purchase price. In a first offer, price is nego- tiable, so you may want to start lower than your maximum affordable cost.

  • The chattel or items in the home which will be included in the purchase price. These may include window coverings, appliances or satel- lite dish. Whatever items are in or around the home that you think are included in the sale should be specifically stated in writing in your offer.

  • All financial details. The amount of deposit, any interest to be paid on it and details of mortgage financing.

  • The closing date. The day you take possession of the home. Usually 30 or 60 days from the date of agreement, but with some home sales, it’s often 90 days or longer.

  • Request for a current land survey of the prop- erty.

  • Expiration date and time indicates when the offer becomes null and void.

In addition, it is common to make a conditional offer. For example, you may make an offer that is good only on the condition that you obtain mortgage financing or that the house passes a home inspec- tion.

Offer to Purchase Page 2

This is the front and back of a standard Offer to Purchase (also known as an Agreement of Purchase and Sale). This document has to be filled out before the purchase of a home can be transacted.

STEP 7 • PREPARING AN OFFER

35

deed, abstract, survey or other evidence of title except such as are in the will deliver any existing survey to the Purchaser so soon as possible and prior

I/We................................................................................................................................................................................................................

Joseph P. Homebuyer & Marion J. Homebuyer

of the......................................of......................................................................................................(as Purchaser), having inspected the property, hereby

96

..........................day of........................................., 19.........on which date vacant ess otherwise provided for herein.

December

Regina, Saskatchewan Peter John Seller & Greta Seller

agree to and with................................................................................................................................................................................................(asVendor)

teenth

real property shall be and remain at the risk of the Vendor, and the Vendor d the proceeds thereof in trust for the parties hereto, as their interests may ment before the completion of this transaction, the Purchaser shall have the , or cancel this Agreement, whereupon the Purchaser shall be entitled to the e paid on account of this purchase. Vendor agrees to furnish Purchaser with date of acceptance hereof.

through.......................................................................................................................................................................................................AgentforVendor

Gordon David Agent/Hometown Realty Inc.

City

Prairie Drive

to purchase All and Singular the premises on the......................................side of................................................................................................................

inthe......................................of..............................................................................................................................................................................knownas

East Regina Saskatchewan

ntals, and all local improvement and water rates and other charges for date of completion of sale (the day itself to be apportioned to the Purchaser). rance in which case no adjustment for insurance premiums.

..................................................................................................................................................................................................................................havinga

frontage of..........................................................................more or less, by a depth of..........................................................................more or less, being

134 feet

,

City

prepared at the expense of the Vendor in a form acceptable to the Purchaser and the expense of the Purchaser in a form acceptable to the Vendor.

1723 Prairie Drive

Lot No......................................................according to plan No....................................................registered in the Land Registry Office for the Registry/

728

Land Titles Division of....................................................................................................................................................(herein called the “real property”)

47 feet

124,000.00 10,000.00

ovisions of Section 49 of the Planning Act, as amended, are complied with.

at the price of.............................................................................................................................................................Dollars ( $..........................................)

Regina, Saskatchewan One hundred and twenty-four thousand Ten thousand

or and the Vendor’s solicitor referred to in section 49 (21a) of the Planning

149

... ......................................................................................................Dollars ( $..........................................) cheque

at the buildings on the property have not been, and will not be at the insulation. This warranty shall survive the completion of this transaction.

to the said agent/Vendor on this date as a deposit to be held in trust pending completion or other termination of this Agreement and to be credited on the account of the purchase price on closing, and agree to

his transaction is required pursuant to section 21(1) of the Family Law reement to consent thereto, and that the Transfer/Deed shall contain a ection 21 or the spouse of the Vendor shall execute the Transfer/Deed to

h

of lawful money of Canada, payabl

Vendor agrees to discharge any mortgages, liens and/or other encumbrances registered against the property on or before closing at his/her expense.

The balance of the purchase price on closing.

w and that on closing he will not be a non-resident of Canada within the native, evidence that the provisions of said Section 116 regarding disposition r before closing.

of purchase and sale, and time in all respect shall be of the essence of this

.

t

reement or condition affecting this Agreement or the real property or supported

n

The Vendor represents that as at the date of acceptance hereof the Vendor has not received from any municipal or other governmental authority any deficiency notice or work order affecting the real property pursuant to which any deficiencies are required to be remedied or any demolition, repairs or replacements are required to be carried out. If the Vendor receives any such deficiency notice or work order after the date of acceptance hereof, the Vendor shall forthwith produce same to the Purchaser for inspection. If by the date of closing the Vendor has not either (a) complied with such deficiency notice or work order, or (b) settled with the Purchaser any question of an abatement of the purchase price arising out of such deficiency notice or work order, the Purchaser may at his option either (a) accept the real property subject to such deficiency notice or work order or (b) terminate this Agreement. In the event of termination as aforesaid, all moneys paid hereunder shall be returned to the Purchase without interest or deductions.

e

m

upon the Vendor or Purchaser or upon the solicitor acting for the party on e certified by a chartered bank or trust company be tendered instead of cash.

96

The spouse of the Vendor shall consent to this Agreement, and shall agree to consent to the transaction evidenced by the deed or transfer.

ocuments.

September

er or number required by the context.

.............day of................................................19........

Joseph P. Homebuyer Marion J. Homebuyer

...............hand........................and seal.

......................................................................................................(Affix Se rchaser

The purchase price herein shall include the following, free and clear of encumbrances: All fixtures, which shall remain affixed to the real property, except the following fixtures which may be removed by the Vendor prior to closing:

Dining room chandelier, master bedroom drapes

Tenancy, if any

96

amed Purchaser to duly carry out the out of which th e mentioned sa

0 000 00

t mber

ffix Seal) chaser

19 ..........

fifteenth

The following chattels all of which are owned by the Vendor:

Patio furniture, garden shed 5:00

This Offer shall be irrevocable by the Purchaser until......................p.m. on the.........................................day of after which time, if not accepted, this Offer shall be null and void and the deposit returned to the Purchaser w

or, hereby cons

good and free from all encumbrances, except as aforesaid, and except local r that run with the land provided that such are complied with, and except for

96

September

real property subject to municipal and other g

.......... e deed for transfer.

vided the same have been complied with. Vendor agrees to a

any information on file pertaining to such requirements.

day of................................................19........

titlte at his own expense, and to satisfy present use may be tion

is t

title

the

the

accept

vided

ND I

to

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P

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