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How Do I Finalize My Offer to Buy a Home?

There are three requirements when you buy a home:

The purchase agreement must be in writing
There must be an offer and acceptance
There must be “consideration,” which is usually an exchange of money for property
To finalize an offer, then, you’ll need to submit an offer or counteroffer which the seller then accepts. Or you may accept a counteroffer from the seller. That gets the ball rolling.