When you are certain that you have found your dream home, it’s usually time to make an offer. To draft your offer, you will need assistance from a real estate professional. The offer will be written in a way that will put you in control of the situation. A brief outline of the types of offers is listed below:
This will usually be the offer of choice, as the buyer will stipulate conditions on the purchase. Some conditions of the offer may be subject to financing, home inspection and the sale of the buyer’s home. Conditions will put the buyer in control. The home will not be sold until all of the buyer’s conditions are met.
This type of offer is preferable to the seller, as it means the buyer is prepared to purchase the home without any conditions. A firm offer is usually not a good idea in any circumstance.
Once the offer is submitted to the seller, they will review it and either accept, reject, or submit a counter-offer. The counter-offer is usually in reference to the price, conditions, closing date or other factors. Your real estate professional will assist you until you are completely satisfied with the terms of the contract.