Published October 13, 2026

Making an Offer on Your First Home, What Happens Next

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Written by Will King

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Finding a home you love is exciting. Making an offer can feel intimidating, especially when you are buying for the first time.
An offer is more than a price. It is a complete proposal that outlines the terms under which you are willing to purchase the home. Your PLACE agent will help you understand the options, evaluate the market, and build a strategy that fits your goals. 1

Your offer is built around more than price

The strongest offer is not always the highest offer. Sellers often consider the full package, including:
  • Purchase price
  • Financing terms
  • Down payment
  • Earnest money
  • Requested closing date
  • Possession timing
  • Inspection and appraisal terms
  • Seller concessions, if requested
  • Other contingencies or conditions
Your agent will help you weigh these factors against current market conditions, comparable sales, days on market, inventory levels, and the home’s listing history. 1

Negotiation is a strategy, not a guessing game

Once your offer is submitted, the seller may accept it, reject it, or send back a counteroffer. A counteroffer can change the price, timeline, contingencies, or other terms.
This is where preparation matters. Before you submit an offer, talk through your priorities and limits with your agent. Know what you are comfortable changing and where you need to hold firm.
Your PLACE agent will present the offer and negotiate on your behalf, with the goal of helping you secure the home on terms that work for you. 1

Understand buyer representation

A buyer representation agreement explains the relationship between you and your real estate agent, including the services your agent provides and how compensation is handled.
PLACE’s buyer consultation guide explains that the team works to negotiate buyer-agent compensation through seller-offered compensation or concessions when possible, while discussing any potential shortfall and your options before you move forward. 1
Ask questions until you understand the agreement. You should know who represents you, what services you will receive, and what financial responsibilities may apply.

Your next step

When you find a home you want to pursue, do not rush into an offer alone. Review the numbers, terms, and strategy with your PLACE agent so you can move forward with clarity.

Categories

Columbia, First Time Home Buying, Buying in 2026, Buying Guide

Tags

First Time Buying a Home, Guide to Buying a Home, Home Buying Benefits, Chapin, Lake Murray, Home Buying, Irmo, Columbia, SC, Homebuying 2026, Steps to Home Buying, Blogs
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Will King

| The King Group | Keller Williams Realty | PLACE

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