How are offers presented?
An offer is prepared by the buying agent in collaboration with the buyers. The offer will have several components, but essentially it will state how much the buyers are willing to pay, how much they offer as a deposit, when they want to close, what they expect to get besides the house, commonly this includes appliances or window shades or curtains. The offer will also include any condition that the buyers would like. Conditions such as satisfactory inspections and arranging financing are common conditions. The buying agent will contact the selling brokerage and advise them of his intention to present an offer. This is referred to “registering an offer”. The offer will then either be faxed to the selling brokerage, or presented in person by the selling agent to the sellers and their agent. At this point the seller can accept the offer or refuse the offer, or make a counter offer changing some of the clauses. Each offer and counter offer is given a time period during which the other part
