It's relatively important to understand that whether your offer is the only one or one of many, a seller is not obligated to accept any particular offer. And that goes the same, even if it is for the full asking price. Many homebuyers believe that if they submit their offer earlier than anyone else, or if their offer is the greatest possible dollar amount, the house is theirs to purchase. But this is not the case as it makes no difference whether your offer is the earliest or the highest—the seller is under no obligation to accept it.

Let's get started by learning the fundamentals of a real estate offer.

When buying a property, you must bring more than just your down payment to the closing table. To put it simply, the closing costs are expenses paid to a lender in return for loan services. Several first-time home buyers miscalculate how many total costs would be to close a real estate transaction. However, some people may be unaware that there are methods for lowering the amount you'll pay.

Understanding what closing costs are can be challenging. Before you complete your loan, we'll go over everything you need to know about closing costs. We'll also give you some pointers on how to keep your costs down.