Once we find a property you want to make an offer on, this what happens next:
Preparing an Offer:
It's important at this stage to determine whether the property is priced appropriately, by performing a market evaluation. Using comparable recent sales, we can get a sense of the appropriate price to pay for the home. Once we land on a price that you're comfortable with we start the paperwork.
The agreement to purchase and sale in Nova Scotia is typically between 5-7 pages (depending on what type of property it is, and is very protective of the buyer during the ‘conditional period’.) This can be a little onerous but every minute is worth it to make sure you have a full understanding of everything before signing the agreement.
I've had a few immediate responses over the year but for the most part, we'll usually hear back on your offer within 24 hours (unless it's a bank-owned/estate property). At this point, the seller will reply with either an acceptance of your offer, a rejection, or a counter to your offer, which you will then get the opportunity to make a decision on.
If the offer is rejected we can look to prepare a new offer. The counter process can take some time depending on the issues/changes in question. Once an offer is accepted, we can get the champagne chilling.