An offer to buy your home is a purchase agreement signed by the potential buyer that includes:

  • The amount of the offer
  • An explanation of how the buyers will pay, such as cash or a pre-approval for financing
  • The terms – such as a request for closing cost help or contingencies such as the sale of the buyers’ house, a final mortgage approval, a satisfactory home inspection and an appraisal
  • A target date for closing
  • An earnest money deposit
  • A time limit for the offer