So you have finally found the house of your dreams and it's in your price range. You have viewed the home and the property and now you would like to put in an offer!
Your offer will probably be conditional on mortgage financing (which hopefully you've already gotten in place if you've been following the tips in my blog), as well as a home inspection and home insurance. Your Agent will negotiate with the Seller's Agent to get the best deal that is acceptable to both the Buyer and the Seller. Once the offer is conditionally accepted, the deposit is payable immediately.
At this point if the agreement of Purchase and Sale form is a cash offer, and contains no conditions and has a large deposit, the deal is now considered FIRM and SOLD!!!