The letter to the sellers will contain the following information
- The price you are willing to pay
- When you want to move in by
- What all inspection you want
- Structural, plumbing, electrical, etc.
- If you will be financing and if so, by who
- Remember that pre-approval letter we talked about?
Once this letter is submitted, you will typically hear back in 24-48 hours. At that time, you will find out if your offer is accepted under the terms you listed, or if there is a counter-offer (they want to sell you their house, but want to change the terms)
If you are presented with a counter-offer, you can decide to accept or counter again.