Step 2 for Buyers: The Offer

TLDR: In this step, you’ll learn about the components of an offer and will be able to make and negotiate an offer. You’ll move on to the Step 3 after you and the seller have agreed on an offer and signed the contract.

"I'm not really a read-the-fine-print kind of person."

Here, the fine print is normal sized. We don’t gloss over the details or make them small because we want you to know what the rules of the game are. You need to adhere to the terms of the contract until (and in order for) you get to closing, which means you need to actually know what those terms are. When it comes to contracts, the devil is in the details.

An Overview of Step 2

In this step, you’ll learn about the components of an offer and, when you’re ready, you’ll make an offer. After your offer has been accepted and electronically signed by both you and the seller, you'll move on to Step 3: After Offer Acceptance. In Step 3, there is a checklist of items that have to be completed before you get to the closing table.

Step 2 Tasks

What happens if the seller accepts my offer?

After your offer has been accepted and electronically signed by both you and the seller, you'll move on to Step 3: After Offer Acceptance. In Step 3, there is a checklist of items that have to be completed before you get to the closing table.

What happens if the seller rejects my offer?

Nobody wants to see their offer rejected, but it happens, and can happen for a variety of reasons. Perhaps your offer was too low, perhaps the seller received other higher offers, maybe the seller no longer wants to sell, or maybe they need to close sooner than you are able. Despite the reason, most buyers are typically able to find other properties to fall in love with even if their first offer isn't accepted, so don't get discouraged if it doesn't work out the first time.

Next Steps

After your offer has been electronically signed by both you and the seller, you'll move on to Step 3: After Offer Acceptance.