Presenting the Offer
Once you’re satisfied that you have included all contingencies in your offer, your real estate agent will present it to the seller. At this point, the seller has one of three options:
- Acceptance: The seller can accept your offer with no changes or modifications.
- Rejection: The seller can refuse your offer altogether.
- Counter offer: The seller may be in agreement with most of your offer and may be willing to negotiate.
Don’t be discouraged if your first offer is met with a counter offer or even a rejection. This does not necessarily mean you cannot buy the house. It may simply be a matter of negotiating with the Seller until a suitable arrangement can be made for all parties. Once you’ve made an offer that is accepted by the seller, the process of obtaining financing for your purchase should begin in earnest.