Making An Offer
When it comes time to make an offer, your Real Estate Agent can provide current market information which will aid you in presenting your offer. Your Agent will communicate the offer, sometimes known as an 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. Your Agent will guide you through this process as smoothly and effortlessly as possible.
Types of Offers
Firm Offer To Purchase: Usually preferred by the Seller because it means that you are prepared to purchase the home without any conditions. If the offer is accepted - the home is yours.
Conditional Offer To Purchase: Usually means that you have placed one or more conditions on the purchase, such as home inspection, financing or sale of Buyer's current home. The home is not sold until all the conditions have been met.
Your Offer to Purchase will be presented at the earliest possible opportunity. The Seller may accept the offer, reject it, or submit a counter-offer. The counter-offer could be made in consideration of any number of factors, including the closing date and or the purchase price. The offer may sometimes go back and forth until both parties have agreed upon all terms or until one or the other ends the negotiations.