Ready to make an offer on a house? This is when things get serious. Work with your agent to submit a detailed written offer based on the local market value. The offer is legally binding, so you.
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Response time limit. Your contract should require the seller to accept the offer in writing within a certain time — usually no more than 48 hours — or the offer will be void.
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· When to submit an offer. Especially if you’re house hunting in a market where there are few available properties compared to the number of active buyers, submitting an offer as soon as you’re sure you want to buy it is a must. Even if you move quickly, there’s a chance you’ll find yourself competing with other offers.
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