When most people think about an offer, they think about price. In reality, an offer is a set of terms, and each one can matter to the seller. This post is general information, not legal advice.
The main parts of an offer
- Price: Based on recent comparable sales and the home’s condition
- Financing: How you’ll pay, and how much you’re putting down
- Contingencies: Conditions such as inspection, appraisal, and loan approval
- Timeline: The closing date and any move-in needs
- Deposit: The amount you put into escrow after acceptance
Think about the seller’s goals
Sellers may care about timing, simplicity, or certainty as much as price. Your agent can learn about the seller’s priorities from the listing agent and help you shape terms accordingly.
Before you remove any contingency, talk it through with your agent, and consult a real estate attorney or lender for legal and financing questions.
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