The final step once you have come up with an offer you’re happy with is presenting it to the seller. Negotiations can often feel like a game of telephone as I communicate with the listing agent, and then the listing agent who communicates with the seller. If the seller comes back with a counter offer, you also have the choice to either accept the agreement, write another counter offer yourself, or decline it . Once both parties agree on an offer, you will both be bound in a contract. When you have finally sealed the deal, the home will officially be “under contract” as you await your chosen closing date.
Please, during this time, DO NOT make any financial changes including purchases on a credit card, change of employment etc. Your lender will be constantly checking your credit during the escrow process and any small movement in your score may keep you from your new home.