A clear offer is a stronger offer
Sellers compare offers on more than price: how you'll pay, how big the deposit is, how many conditions there are and how quickly you can close. A written offer that answers all of that, with proof of funds attached, is easier to accept than a number in a text message.
- 1
Know your budget
Get a mortgage pre-approval or gather proof of funds first. You can show a lower amount than your full approval. - 2
Set your conditions
Tick the conditions you need and give each a realistic deadline. Fewer conditions make an offer stronger, but don’t drop protections you need. - 3
Give it an expiry
A date and time keeps things moving and stops an offer hanging open. - 4
Send it to the seller or their agent
Keep a copy. Expect a counter-offer; each version should have its own date and expiry.
It is not a contract
In New York, England and many other places, an accepted offer is not binding until a formal contract is signed (in England and Wales, until contracts are exchanged). Your lawyer or conveyancer will prepare or review that contract. Never send a deposit to bank details you received by email without calling a number you found yourself; see wire fraud in real estate.
Next: the buyer document checklist. Buying in New York City? Read how to make an offer in NYC.