who delivers your offer to the seller

Who Delivers Your Offer To The Seller? (The Ideal Process)

How many people does it take to deliver an offer to a seller? 

According to conventional wisdom, it’s just the buyer and their agent. But is that always the case? 

This post will explore who delivers the offer (and when) and what that means for you as a buyer. 

Spoiler alert: you might be surprised! Stay tuned…

Who Delivers Your Offer To The Seller?

One of the most common questions when buying a home is who delivers the offer to the seller. The answer to this question is simple, but it’s not quite as clear-cut as some might think.

Who delivers the offer to the seller will depend on whether you are working with a buyer’s agent or trying to purchase the property on your own.

If you don’t have a real estate professional working with you, you can submit the offer to the listing agent. If you have a real estate agent working for you, they will be the ones who submit the offer to the seller’s agent.

agent delivering offer

How Does An Agent Deliver The Offer?

If you have an agent, they will deliver the offer to the seller through the seller’s agent. Typically, your agent will email this offer and any necessary documentation to the agent that listed the property for the seller. Once the listing agent receives the offer, they will show your offer to the seller and review it.

If you don’t have an agent, you can submit the offer to the agent that listed the property. They can represent both parties under dual agency. While this can work, it’s not generally advised. You will find that it tends to be better to have an agent of your own who can provide you with guidance and advice.

Who Delivers Your Offer To The Seller In An FSBO?

If you are buying a home for sale by the owner, you could have your agent deliver the offer directly to the seller. However, if you don’t have an agent, you could submit the offer to the seller yourself.

Even if you don’t have a buyer’s agent, you can always try to negotiate with the seller. When you work with the owner directly, you will find that it helps them save on commission costs. 

The commission could be as much as 6%. You could try to negotiate and get a discount of even just one or two percent, which can help you get “more house” for less.

real estate offer

Learn The Typical Process For Real Estate Offers

Whether you are representing yourself or have an agent, buying a property can sometimes seem intimidating. As discussed above, get a good understanding of the process, including who delivers your offer to the seller. This knowledge can help to make the process easier from start to finish.

The first thing you will want to do is make sure you have your finances in order to get a mortgage. You need to know that you can afford to pay a mortgage and how much you can spend before putting in your real estate offer. You may need to have a personal financial statement and a mortgage pre-approval letter.

This offer letter is a huge benefit, as it shows sellers that you are serious about purchasing the property. If there are multiple offers, an owner will be more likely to take you seriously and be more willing to work with any contingencies you include if you can afford the property and put down your earnest money.

What if you are buying in all cash? In that case, you will need to provide proof of funds, showing that you have the money required to buy the home outright. Proof of funds could include a brokerage account statement or a bank account statement. It is essential to show that you have enough money to cover the price of the home and expenses like the closing costs.

Work With A Real Estate Attorney

If you aren’t going to be working with a buyer agent, you can always consider hiring an attorney instead. They can help to look over things like the purchase agreement, contract, etc., to ensure everything is correct and that you aren’t signing a contract you will regret later.

Just make sure you choose an actual real estate attorney specializing in these types of transactions. They can help with any dealings you might have with the selling agent and the seller.

If you are working with a real estate agent, you don’t necessarily need to have an attorney to help you with the real estate transaction.

real estate offer

Putting In The Offer

After you have all of your documentation put together, you can submit the written offer. The agent will arrange the offer price, documentation, and any potential contingencies you might want to add, such as a financing contingency or home inspection contingency. 

The documentation submitted will include how much you are likely to put down on the property, the preferred closing date, etc. Either your buyer agent or your attorney can help with this.

Should You Add Contingencies?

Here’s another question that buyers often ask. Should you put in contingencies? The truth is that the contingency is there to help keep buyers safe. However, they often make offers less attractive to sellers, who feel that they put the sale at risk.

Still, some contingencies are standard, such as for home inspections. You want to be sure you are getting into a home that will last. You don’t want to spend hundreds of thousands of dollars on a property only to find out that you need a new roof in six months. Getting a home inspection helps to prevent this. Most sellers won’t have a problem with these types of contingencies.

Once the purchase contract is drawn up, and the offer is agreed to, the parties can sign. Of course, it’s always a good idea to have someone look over the contract. If you work with an agent, they can handle this for you. Otherwise, your attorney will do it. 

You might feel like you can dissect and understand the contract independently. That might be the case, but you should never sign anything without having your agent or attorney go over it carefully and explain it to you.

What If The Original Offer Is Not Enough?

Sometimes, you might put in an offer only to have the sellers kick it back to you because they may feel that the price you want to pay isn’t high enough. So, they may provide you with a counteroffer. Of course, you don’t have to accept their offer either. You could put in another offer and continue the negotiation.

Many home sales end up going through negotiation for one reason or another. The purchase price offered might not be high enough, or issues could be found during a home inspection that would make you want to renegotiate.

offer accepted

After the Offer Is Accepted

Once the offer has been accepted, quite a bit happens during the real estate transaction process. You will get the home inspection and appraisal and put together the earnest money, also called a good faith deposit. The earnest money shows the seller that you are serious about going through with the purchase and aren’t likely to back out.

You will also have quite a bit of paperwork, including the lender paperwork that needs to be done for your loan. There will be a title search through a title company that ensures that there aren’t any legal issues that will crop up regarding the ownership of the home. If a title insurance company doesn’t handle this, it will be done by a closing attorney.

It’s essential to do a final walkthrough of the property about one to two days before closing to ensure that any agreed-upon repairs have been made and that the home is in the same condition as when you made the offer.

You will have to schedule a time for closing, some time on the date in your contract. Typically, the seller, buyer, and agents will be present at closing, but this can vary. The process generally takes a couple of hours and requires a lot of paperwork. Once it’s done, though, you can get your keys and go to your new home.

Conclusion

It’s time to get your offer delivered! You now know about how offers can be made and how agents typically deliver them. The next step is to set up a free consultation with one of our experienced agents, and we will help walk you through the process. We’ll make sure that you have everything you need to make an offer on the home of your dreams or find the perfect property for your investment portfolio. Thanks for reading, and happy house hunting!

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