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Real Estate vocabulary · Buying & Selling

Offer

Meaning in real estate, with examples

/ˈɔːfər/nounCore term

In real estate, offer means: The price a buyer formally proposes to pay for a property, often with conditions such as a completion date or a successful inspection.

In Turkish: teklif, alım teklifi

How it is used

Buyers make, put in or submit an offer; sellers accept, reject or counter it. In the US offers are usually written and signed, while in England they are often passed on by the agent by phone or email before any contract is drawn up.

Example sentences

  1. We'd like to make an offer of 4.2 million on the flat.

  2. Good news: the seller has accepted your offer!

  3. There are two other offers on the table, so you may need to move quickly.

Common collocations

  • make an offer
  • accept an offer
  • reject an offer
  • best and final offer
  • cash offer
  • counterofferA new proposal made in reply to an offer, usually with a different price or conditions, which the other side can accept, reject or answer again.
  • asking priceThe price a seller puts on a property when it goes on the market. Buyers may offer less or, when demand is strong, more.
  • under offerDescribes a property for sale whose owner has accepted an offer, but where the sale is not yet legally complete.
  • negotiateTo discuss the price and terms of a sale or lease with the other side in order to reach an agreement that both can accept.
  • purchase agreementA written contract between buyer and seller that sets out the price, conditions and dates of a property sale before ownership is transferred.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Buying & Selling

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