One of the biggest components when buying a home or condo is writing an offer. One of the major parts of an offer includes contingencies. A contingency clarifies that the offer will take place only if certain events take place. For example, a contingency might be that the buyer must be approved for specific financing or the home inspection goes well without any major hitches. Make sure that everything gets written down in the offer. If the seller is satisfied with the majority of the offer, they may get a counter offer including the seller’s changes. Then, the buyer has the option of accepting or rejecting the offer or writing another counter-offer. All cash buyers, those without a former home to sell, and buyers pre-approved for a loan have the greatest buying position. It is also important to investigate why the home is being sold and whether the seller is in a bind to sell quickly. The offer is a binding contract once the seller has accepted and you have been contacted. The seller cannot change his or her mind later once the offer has been signed. Your Jacksonville  real estate agent has the expertise to assist you in the above process.