PRICE: Depends on the market and the buyer, but generally, the price offered is different from the asking price

DEPOSIT: The deposit shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes.  Your BTR professional can advise you on the suitability of the amount of the deposit being offered.

TERMS: Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.

CONDITIONS: These might include "subject to home inspection," "subject to the sale of the purchaser's property."

INCLUSIONS AND EXCLUSIONS: These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

CLOSING OR POSSESSION DATE: Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified. (the possession date is usually 1-3 days after the closing date).

STEP #3