Present market statistics and assistance are two essential things required to draft an offer.
A Real Estate Professional interlinks your offer to purchase with the seller’s representative. Occasionally there may be several offers at a single instance. A Real Estate Professional will advise you throughout the process.
Firm to Offer Purchase
Buyers are set to purchase the home without any conditions. That’s why it is preferred by sellers.
Conditional Offer to Purchase
Usually there are certain conditions on an offer to purchase like; “subject to home inspection", "subject to financing" or "subject to sale of buyer's existing home". The home purchase is not firm until all the conditions are satisfied.
Acceptance of Offer
Seller may accept or reject the presented offer to purchase. Also seller can submit a counter-offer. The counter-offer may be with respect to the price, closing date, or any number of variables. To finalize an offer both buyer and seller should agree to terms or either side ends the negotiations.