- The seller accepts it, agreeing to all of your terms.
- The seller makes a counter-offer, which can change the amount of money or the terms.
- The seller rejects your offer outright.
Home Offer Writing – Make an Offer
When you find the perfect Main Line home, you need to make an offer. As long as you’ve already gotten your preapproval letter, you’re positioned to get the house of your dreams.
All About Home Offer Writing
The first thing you need to do when you’re interested in buying a home is determine the price you’re willing to pay. You (hopefully) asked your real estate agent to compare the home to recent sales in the same area so you could ensure the price was appropriate; that’s a great jumping-off point for you.
Generally speaking, you should make your offer less than you’re really willing to pay. You can expect the seller to want to negotiate the home’s price, so building yourself a little wiggle room is a good idea.
When you make the offer, you’ll also include any contingencies, or conditions that the seller must meet in order for you to go through with the purchase.
Once you make the offer, you’ll make your initial deposit on it (that’s called earnest money or a good faith deposit).
What Happens after You Write an Offer
One of three things can happen after you make an offer on a home:
