Remove Backup offer Remove Pre-approval Remove Purchase and sale agreement Remove Title search
article thumbnail

What Happens After Making an Offer on a House?

Windemere Buying

You can accept or reject the counteroffer or come back with a counteroffer of your own, which may continue for multiple rounds until the two parties reach an agreement. Other interested buyers will make backup offers in case the first offer falls through. Once the purchase agreement is signed, it becomes legally binding.