How to Make an Offer on a Home in Ontario | Ridge Estate

When it’s time to make an offer on a home, speed, clarity, and confidence matter. Here’s a breakdown of what to expect when submitting an offer in Ontario.

✅ Step 1: Decide on the offer price and terms with your Ridge Estate agent. Consider market comps, seller motivations, and competition.

✅ Step 2: Your offer is submitted in writing using a formal agreement (usually OREA Form 100).

✅ Step 3: The seller can accept, reject, or counter your offer.

✅ Step 4: Once accepted, you enter the conditional period (usually 5–7 days). Typical conditions include:

• - Financing approval
• - Home inspection
• - Review of status certificate (for condos)

✅ Step 5: Waive conditions or back out (if a condition isn’t met). Once conditions are waived, the deal is legally binding.

✅ Step 6: Submit the deposit within 24 hours (usually 5% of purchase price).

💡 Ridge Pro Tip: Don’t wait until you find the perfect home to understand this process. Learn it now—so you can act fast when it counts.

🔗 Related Articles: How Mortgage Pre-Approval Works, What Does a Real Estate Lawyer Do?

✍️ Ridge Estate will walk you through every offer step—calculated, confident, and ready to win.