How a Real Estate Offer Gets Accepted

1678040 31812110 f 1
1678040 31812110 f 1

This title reminds me a bit of that old School House Rock, “How a Bill Becomes a Law” – but in some ways, it’s very similar. People may have no idea how an offer gets accepted and whether it’s the buyer or seller, understanding the process can make you a more informed consumer.

When a buyer finds a home they want to buy they speak to their buyer’s agent and write up an offer. That offer is a legal and binding contract that will state who is buying, who is selling, the legal description of the property, and any and all terms of the contract. This includes the price the buyer is willing to offer, closing dates and any additional terms. This contract will also include contingencies such as financing, home inspections, or other optional contingencies. These are provisions that need to be completed for the deal to close or finalize.

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