Buying

Making an Offer Resource Center

Welcome to the Mortgage Daily Resource Center! Here, you’ll find everything you need to know about the mortgage industry, all in one convenient location.

What Happens if My Offer on a Property Is Accepted?

Offer

The Seller Accepted Your Offer. What Now? Nothing is more exhilarating — and perhaps stressful — than finally approving your offer on a property. You’re undoubtedly wondering, “What happens next?” And with good cause. Unless...

How Do I Finish My Home Purchase Offer?

Offer

There are three prerequisites for purchasing a home: The sales contract must be in writing. There must be both a proposal and a response. Usually, “consideration” involves an exchange of money for a property. To formalize an offer, you...

Understanding What a Contingency in a Purchase Contract Is

Offer

The term “contingent” refers to a condition that must be satisfied before another event may occur. What does contingent mean in the real estate industry? It might be one or more of the following: Your existing home must sell before you...

Understanding a Real Estate Buying Agreement or Contract

Offer

What characterizes a real estate contract? Each legitimate real estate transaction must satisfy four conditions: A fair agreement to purchase a house must be in writing. Contracts must include both an offer and an acceptance. The intent of the...

How to Make a Competitive Offer on a Home: Seven Strategies

Offer

Making an Offer Is More Complex Than It Once Was Bidding wars are prevalent in the current property market and can get intense. How can you ensure that your offer is the one that the seller cannot refuse? These seven techniques will improve your...

Understanding Your Real Estate Contract

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Real estate contract, purchase agreement, sale agreement, purchase contract – what do they all mean? These terms are actually referring to the same thing – a legally binding contract between a buyer and seller that outlines the...

How To Win a Bidding War on a House

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When supply is low and demand is high, it’s important to arm yourself with an awareness and expectation that the house of your dreams may enter into a bidding war. Competing for a house, with multiple offers pushing the price higher, may seem like...