The Guide to Making and Accepting an Offer on a Home
How Sellers Decide on Offers
Wondering how sellers judge offers for their home? The best offer isn't always the highest one
Pre-approval
At this stage, homebuyers are pre-approved for their mortgage loan.
Full Approval
During this stage, homebuyers are fully approved for their mortgage loan.
Cash
In this stage, homebuyers pay for the home in cash and are fully approved.
How Buyers Are Affected by The Sellers Decision
Here's the home buyer process for each offer type
Offers With Pre-Approval
Gain Pre-Approval
Sign Contract
Contingency Period (Home + Mortgage)
Get Fully Approved and Acquire Home
Offers With Full Approval
Zero Commitment or Cost
Letter of Commitment (Appraisal may be required)
Sign Contract and Acquire Home
Cash Offers
Letter of Credit
Sign Contract
Acquire Home
Want the Home? We Guarantee it
Get a $100 Amazon Gift Card When Fully Approved
We want to help you buy your home efficiently. We are so confident that we will buy the seller's home if we cannot close for a financing reason by the contracted date.
