Making an Offer
An offer explains what you’re willing to pay for the property and the terms you want included in the purchase.
What’s in an Offer?
An offer may include:
Offer Price • Earnest Money • Financing • Closing Date • Inspections • Contingencies • Other Important Terms
Before signing, make sure you understand what you’re offering, your important deadlines and what you’ll be responsible for if the offer is accepted.
Once you’re comfortable with the terms, the offer can be signed and submitted.
Now, What’s Different?
Electronic signatures aren’t new. Buyers have been signing real estate documents electronically for years.
What’s changing is how newer digital platforms can help you follow what happens after your offer is submitted.
Instead of simply sending your offer and waiting for an update, newer digital platforms can give you a clearer way to follow what happens next.
Follow Your Offer Digitally
Once your offer is submitted, you may wonder:
Was it sent?
Has it been received?
Has the seller responded?
Was there a counteroffer?
This is where newer digital platforms can make the process easier to follow.
With a platform such as Propy, the offer and activity surrounding it can stay connected as the transaction moves forward.
What Could This Look Like?
📤 Offer Submitted
↓
👀 Offer Activity Can Be Followed
↓
💬 Seller Responds
Accept • Counter • Reject
↓
📝 Changes & Counteroffers Stay Connected
↓
🤝 An Agreement Is Reached
Instead of searching through emails, texts and different versions of documents, more of the offer activity can stay connected in one place.
You get a clearer picture of what’s happening and what comes next.
A Simple Example
You make an offer of $425,000.
The seller counters at $435,000.
A digital transaction platform can help keep the original offer, counteroffer and updated terms connected so the negotiation is easier to follow.
You can then decide whether to:
Accept • Reject • Continue Negotiating
The technology doesn’t decide whether $435,000 is a good price or whether you should accept the counteroffer.
Those decisions are still made by people. The technology helps organize and track what happens along the way.
How Does Propy Fit In?
Propy is one example of a platform designed to bring the offer and the transaction that follows into a more connected digital process.
The property doesn’t necessarily have to be found or originally listed on Propy.
Property information, offer details and supporting documents can be brought together as the offer is prepared and submitted.
If the transaction moves forward, that information can remain connected to the purchase.
The difference isn’t simply signing an offer online. It’s having a clearer way to follow what happens next.
When an Agreement Is Reached
If you and the seller agree to the terms and the purchase agreement is properly signed, you have an accepted contract.
This is an important point in the purchase. The contract creates obligations, dates and deadlines that both parties need to follow.
The digital transaction can continue as the purchase moves into the next stage:
Earnest Money • Inspections • Deadlines • Title & Escrow • Closing Preparation
CONTINUE LEARNING
After Your Offer Is Accepted
See how newer digital tools can help you follow the important steps between an accepted offer and closing.
After Your Offer Is Accepted →
