"6 Things to Know About the Offer Process"
Easy to understand summary of some of the details of writing/ being involved in a contract!
1) What must happen before you can make an offer?
Give your landlord notice and get pre approved
2) How is the offer drawn up?
When buyers are ready to make an offer on their chosen property, they must inform their REALTOR®, who will then advise the listing agent.
3) How long does it take?
Depending on whether yours is the only offer or if there are many other buyers interested, the entire offer process can be completed in as little as a day or take up to a week.
4) What happens when theres multiple offers?
If you’re competing with other buyers, your REALTOR® might suggest being flexible with some conditions, and going in with your best offer.
5) Are offers done digitally?
Most offers are done digitally now. If the seller wants to counter-offer, negotiations will also be done digitally until both parties agree to terms, or someone decides to walk away.
6) Should sellers accept the first offer that comes in?
“If I list a property and get an offer that’s valid for 24 or 48 hours, but I have a lot of interested clients and brokers, I’ll advise my seller to let that offer expire so everyone else can come in,”