Making an Offer
When you're preparing to make an offer, you will require up-to-date current market information in order to have an accurate evaluation, and assistance in drafting your offer. A Real Estate Professional will provide these valuable resources, along with experience and negotiation skills to get you the best deal.
A Real Estate Professional will communicate your Offer to Purchase to the seller or the seller's representative, on your behalf. Sometimes there may be more than one offer on a property at the same time. Your Real Estate Professional will guide you through this process.
Firm Offer to Purchase
Usually preferable to the seller because it means buyers are prepared to purchase the home without any conditions.
Conditional Offer to Purchase
Usually means there are one or more conditions on the purchase. Common examples are: "subject to home inspection", "subject to financing" or "subject to sale of buyer's existing home". The home is not sold until all the conditions have been met.
Acceptance of Offer
An Offer to Purchase is presented to a seller who may accept the offer, reject it, or submit a counter-offer. The counter-offer may be in reference to the price, closing date, or any number of variables. Offers can go back and forth until both parties have agreed to terms or either side ends the negotiations.