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Tuesday, December 29, 2009

Offer

The Real Estate pro will know all the required offer paper work. But you need to have an Earnest Money cheque with you to attach to the offer, as well as proof of funds.

You probably do not yet have an LLP (or LLC) set up so the offer will be in your own name(s). At closing time, you can ask the Title Company to immediately transfer the property from your own name(s) to the LLP name. In our case, they did that for no extra cost. It required one more “Warranty Deed”, but the title research had already been done, so it was really just one more form to file.

Do the usual offer/counter-offer dance, and eventually your offer is accepted

Great, the dog has now caught the car and wonders what to do with it!
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