There are many steps once you're ready to submit an offer:• Your realtor will want to call the Listing Agent to inquire if there are other offers or expected offers on the home. They should also ask about any terms the seller would find appealing to help give your offer a leg up.• You need to determine the price and terms to put in the offer. For the price, your realtor will want to pull and look at comps in the area to help guide you with what price to offer. I get more into terms in answer to the next question.• Your Realtor will walk you through and summarize the purchase contract before having you sign it. You should always read it as well! You want to be well informed on what contingencies you have and precisely what you’re agreeing to before signing the offer.• Once you’ve signed the offer, your Realtor will submit it to the Listing Agent who’s representing the Seller, along with the pre-approval letter from your lender (if applicable). The Seller can either accept your offer, counter your offer or reject your offer.• If the Seller accepts your offer, congratulations, you are now under contract to purchase the home! Your due diligence timelines start the following business day after mutual acceptance (that’s how it works in Oregon, other states may vary).• If the Seller sends you a counteroffer, the ball is in your court. You can either accept their counteroffer, counter their counteroffer or reject it entirely.