What is an Offer?

An Offer is a formal proposal one party submits to acquire or lease an asset at specific terms—like price, deposit, and closing date. Depending on the context, offers might include contingencies for inspections, financing approvals, or occupancy timelines. If countered, each side negotiates until consensus or withdrawal.

• Written Format: Outlines all desired conditions, preventing misunderstandings.
• Binding Potential: Once accepted, it typically forms the framework for final contracts.
• Expiration: Many offers have time limits for acceptance.
• Counteroffer Process: Adjusted terms flow back and forth until resolution.

Offers drive the transaction forward, clarifying each side’s willingness, capacity, and expectations. Prompt acceptance or counter fosters momentum toward a successful handover.