The preliminary offer price is determined following the completion of the online questionnaire. To receive the most accurate estimated cost, follow strict criteria in filling out information regarding your home. In a few days, you will receive the initial cash offer, which is valid for five days. This is a no-obligation offer. Should you choose to accept the offer, you will then schedule a home inspection with Redfin. After completion, your offer may be adjusted based on the inspection report. At that point, you will receive your final offer.