This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Your letter should explain why you're interested in buying the house and include details regarding your mortgage financing and expected closing date. Often, the key to writing the best offer letter is finding a way to connect with the seller on a personal level.
A conditional offer lets you specify conditions that need to be met before the sale goes through, like getting a building inspection, LIM report, or finance approval. You need to meet those conditions within an agreed timeframe e.g. five working days.
Legally speaking, there isn't a time frame for sellers to respond to your offer. However, it's an unspoken rule in the industry that sellers and/or the listing agents should respond within a few days, with 48 hours as the norm.
If this happens to you, don't worry. In our experience it often means one of two things; you need to re-negotiate, or it just wasn't the property for you and there is a better one around the corner.