This means proffering or presenting something to someone for rejection/acceptance. It also means ensuring something or expressing willingness to do something.
The definitions of offer include the following:
1. Presenting or giving something.
2. Presenting for rejection/acceptance.
3. Proposing/suggesting something.
4. Trying to help or do something.
5. To make something available.
6. To present something or propose as a payment.
7. The price made by someone for buying or selling something.
Buyers make offers to sellers for purchasing their properties. In a similar vein, sellers may offer their properties at certain prices and with certain terms and conditions. Hence, real estate markets move on the back of offers. Offers are conditional and transactional proposals for sellers/buyers pertaining to the sale/purchase transactions for real estate assets. They are legally enforceable only upon acceptance.
Conditional offers are sale conditions agreed upon by the seller and buyer alike. There could be several conditions including inspections of homes, specified timelines, mortgages, etc. Meeting these conditions within the specified duration will mean the validity of the agreement. Sellers often have clauses in their contracts, allowing them to accept other market offers in case there is any non-conditional offer. These clauses are usually contained in counter offers.
