If you will be financing the home with a mortgage, you will want to make sure you have been pre-approved for the purchase price by a mortgage broker or lender. That way you can place the offer with confidence, assuring both yourself and the seller that you will not be rejected for that reason.
An offer is the terms and conditions of a transaction – the contract between a buyer and seller, and is written with the help of your Realtor. There are 5 main parts to consider in writing the offer, and your Realtor will advise you of what steps would be best for you.
If your offer is unconditional (having no conditions), the house is yours once they have accepted it.
When all conditions are satisfied…
The house is now sold.