You will require current market information and assistance in drafting your offer therefore when it comes time to purchase you will need a Real Estate Professional. They will present and communicate on your behalf to the seller or the seller’s representative. If there are multiple offers your Real Estate Professional will help and guide you through that process.
Firm Offer to Purchase
This is the preferred offer to present to the seller as it represents the buyer is offering to purchase without any conditions.
Conditional Offer to Purchase
This offer to purchase states that there are conditions involved, for example:“Subject to home inspection”, “subject for sale of buyers’ existing home” or “subject for financing”. Therefore the home is not sold until all conditions are met.
Acceptance of Offer
Offers are presented and can go back and forth with both parties in negotiations until agreements are reached. The offer to Purchase is presented to a Seller. The Seller can reject, accept of can send back a counter-offer that can have change requests on price, dates or any number of variables.