google bot detected Offer To Purchase | Real Estate Glossary | Realestateagent.com

Offer To Purchase


Definition of "Offer to purchase"

A proposal to buy property at a specified price. The seller of the property has the options of accepting the offer, rejecting it, or making a counteroffer. For example, John signs a listing agreement to sell his home for $175,000. Brian makes an offer to purchase the property at $155,000. John makes a counteroffer of $165,000 as a price for the purchase of the home.



Related Real Estate Glossary terms

Related Real Estate FAQ