There are three different scenarios which could occur after you make an offer. These include:
Scenario One
The seller accepts your offer and you move on to the next stage of the home buying process.
Scenario Two
The seller proposes a counter offer, which could be a higher price or different conditions. If you accept this counter offer you move on to the next stage of the home buying process.
Scenario Three
The seller proposes a counter offer and you do not accept it because the cost is too high or you don't agree with the conditions. In this case your deposit is returned to you.
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