how offers work
an offer is a clear proposal to sell or buy a specific product or service under specific conditions offers are made in a manner that a reasonable person would understand acceptance and will result in a binding contract there are many different types of offers each of which has a distinct combination of features ranging from pricing requirements rules and regulations type of asset and the buyer s and seller s motives examples of offersfor example when it comes to real estate purchases and negotiations prospective home buyers will write an offer to the seller and often list the highest price they are willing to pay once this official offer is submitted on a piece of real estate it is considered binding if the seller accepts the offer 