When an Offer is Made

Dianna Mandzuk Realtor with REMax Jazz serving Durham Region and surrounding areas

View my Google Maps!

Dianna Mandzuk

●Sales Representative

● RE/Max Circle of Legends Award recipient (2010) - RE/Max's Highest Honour for Sales Achievement

● Lifetime Achievement Award recipient

● RE/Max Hall of Fame Award recipient

●Certified Luxury Home

Marketing Specialist

●Canadian Staging Professional

RE/Max Jazz Inc., Brokerage

Professional Offices located at

203 Bond St. E.,

Oshawa, Ontario. L1G 1B4

Direct: 905-433-2579

Office: 905-728-1600

email Dianna Mandzuk

1. PRESENTING THE OFFER

Be assured that as soon as I am aware that a written offer to purchase has been signed, I will contact you immediately. The timing may be inopportune but it’s usually best to move ahead rapidly to consider the contract. Please note that when I call you, I may or may not yet be aware of the terms of the offer. When I have the contract in hand, I will study it closely and review each of the terms and conditions with you to your complete understanding and satisfaction.

2. THREE OPTIONS TO CONSIDER

When we consider the terms of the contract, remember that you are in charge. You are free to deal with the contract as you choose, and I will be there to assist you. This is where my 23 years of experience in real estate and negotiations will help you make the best, most informed decisions and we will guide you through the entire process. Generally, there are three options available to you:

A. Accept the offer as presented. I will convey your acceptance and the home is SOLD!

B. Make a counter proposal – Propose changes to the offer, i.e. price, personal property, closing or possession dates, etc. so that is it acceptable to you. Be aware, however, that when you change anything, the buyer is completely freed from the earlier commitment to buy. I will convey the terms of your proposal and the prospective buyer may either accept, reject or offer a new proposal.

C. Reject the offer.

3. DELIVERY OF THE CONTRACT

A copy of the finalized contract will be delivered to both the buyer and the seller by their respective real estate agents.

4. FINALIZING ALL CONDITIONS

A. BUYERS FINANCING: if the contract states that the buyer has a specific number of days to secure financing for the home, it is his responsibility to apply for and secure a loan commitment within that time period. The lending institution must…

1) verify that the buyer has the ability to meet the monthly loan payment. They will examine the buyers credit history, employment records, etc.

2) verify that the value of your home is enough to ensure the safety of their loan. An appraiser, assigned by the lender, will visit your home to affirm that it’s value, based upon a study of comparable homes, adequately secures the loan that they are making to your buyer. The mortgage loan underwriter will approve the loan based upon satisfactory review of the above information.

B. After the loan is approved, more legal work is necessary, though you will have very little involvement. The property title will be searched and title insurance will be ordered. If the property is a condominium, the Association may be contacted.

C. When the paperwork is in order, the time and place of settlement will be agreed to by all parties involved. We will co-operate totally to insure a smooth and timely closing.

D. Prior to the closing, the buyer may request a walk thru of the home and will be accompanied by their agent.

E. Keys will be given to the buyer by the lawyer at the closing, or whenever possession of the property has been agreed upon.

F. At closing, all documents finalizing the sale will be signed by all parties and all funds will be disbursed.

MY RESPONSIBILITIES

My responsibilities are not fulfilled until the transaction is complete.

A. I will follow the transaction’s progress and inform you of significant developments.

B. I will do everything in my power to work with your lender, accountant, lawyer, etc. to ensure a timely and highly satisfactory settlement for you.

C. Know that, beyond the above, I am here to answer any questions and to resolve any problems or uncertainty that you may have. I want this to be a positive experience for you.

* RE/Max holds the Number 1 market share in durham region as of year end 2010. click the #1 graphic for more information.

NOT INTENDED TO SOLICIT PROPERTIES ALREADY LISTED NOR BUYERS SIGNED UNDER A BUYER'S AGENCY AGREEMENT. E. & O.E.

The information contained herein is believed to be accurate, but should not be relied upon without verification.

Each office independently owned and operated.

This site best viewed at 1024 x 768 screen resolution.

COMMENTS/QUESTIONS CONTACT THE WEBMASTER