The article provides essential information on the process of making a real estate offer and what buyers should know. It explains that typically, a buyer's agent presents the offer to the seller's agent. For those without agents, it's crucial to submit the offer themselves, possibly with legal guidance. Key components of a real estate offer include purchase price, contingencies, and other requests. To make offers competitive, clean terms and flexibility are emphasized, even for backup offers. Lastly, it touches on dual agency practices and legal restrictions in various states.
In most home purchases, the buyer's agent delivers the offer to the seller's agent, who then presents it to the seller.
If you don't have an agent, you must submit the offer yourself—ideally with help from a real estate attorney.
Clean terms, proof of financing, and flexibility can help your offer get noticed—even as a backup.
Dual agency is where one agent represents both the buyer and seller but is only legally permissible in some states.
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