Looking at homes is an exhilarating experience for many. It’s fun to walk through each house, whether at an open house or private showing, and imagine yourself and your family working, playing, relaxing, and living in its rooms.
But the dreaming phase of your new home search must eventually end. Once you find a house that fits your needs, it’s time to buckle down and actually buy it before someone else does.
You can’t buy a house without first making an offer on it. A purchase offer, also known as a purchase agreement or letter of intent to purchase, is a legal document that outlines the price you’re willing to pay for the home, how you intend to pay for it, and other key terms of the transaction.