BUYING A HOME · LESSON 3 OF 6
Making an Offer
Make your offer. Stay connected. Follow what happens next.
01 — DECIDE WHAT YOU WANT TO OFFER
What do you want your offer to look like?
An offer is about more than just price. You’ll decide the terms that matter to you and how you want to approach the purchase.
WHAT YOU DECIDE
Purchase Price
Financing
Earnest Money
Contingencies
Closing Date
Other Terms
You choose the terms that work for you. Your agent can help you understand how those choices may affect your offer before it’s prepared.
02 — YOUR OFFER IS PREPARED
Your decisions are put into writing
Your agent prepares the appropriate Purchase & Sale Agreement and any other documents needed for your offer based on the terms you’ve decided.
WHAT YOU DO
Review the documents, ask questions and sign when you’re ready.
HOW PROPY CAN HELP
When Propy’s offer tools are used, your agent can enter your offer details and attach your signed offer documents, helping move your offer into a digital workflow where its progress can be tracked.
03 — YOUR OFFER IS SUBMITTED
Your offer is on its way
Once your offer is ready, it can be submitted to the listing side for review. When Propy’s offer tools are used, the offer can begin moving through a trackable digital process.
WHAT YOU CAN SEE
OFFER SUBMITTED
You can receive a notification that your offer has been submitted.
04 — YOUR OFFER IS OPENED
Your offer has been opened for review
When the listing side opens your offer, the digital status can change—giving you another point of visibility into what’s happening.
WHAT YOU CAN SEE
OFFER OPENED
You can receive a notification that your offer has been opened.
05 — YOUR OFFER IS BEING REVIEWED
The seller is considering your offer
The seller may be reviewing the price, terms, contingencies and other details of your offer before deciding how to respond.
WHERE THINGS STAND
SUBMITTED
→
OPENED
→
IN REVIEW
Digital offer tracking can give you a clearer view of where your offer stands while you wait for the seller’s response.
06 — THE SELLER RESPONDS
The seller has made a decision.
The seller may accept your offer, reject it or propose changes through a counteroffer. What happens next depends on their response.
ACCEPTED
COUNTER
REJECTED
WHAT HAPPENS NEXT
If the seller accepts, your purchase can move forward. If the seller counters, you’ll decide whether to accept the changes, reject them or respond with different terms. If the offer is rejected, you can decide what you want to do next.
With digital offer tools, these responses can be reflected in the offer status so you have a clearer view of what happened and what comes next.
07 — YOUR OFFER IS ACCEPTED
You and the seller have reached an agreement.
Your accepted offer becomes the agreement that moves the purchase forward. From here, the focus shifts from making the offer to completing the steps required before closing.
YOUR OFFER STATUS
OFFER ACCEPTED
Your purchase is now moving
into the transaction stage.
WHAT HAPPENS NOW
Now that your offer is accepted, the transaction enters its next phase. Important dates, earnest money, inspections, financing, title and other steps may now begin moving forward as you work toward closing.
Digital transaction tools can help organize documents, deadlines, updates and next steps—giving you greater visibility as your purchase moves forward.
NEXT: LESSON 4 OF 6 · AFTER YOUR OFFER IS ACCEPTED →
Your offer was accepted. What happens now?
Your accepted offer is only the beginning. Next, you’ll see what happens as your purchase becomes an active transaction—including earnest money, important deadlines, inspections and the digital tools that can help you stay connected along the way.
