When is an offer to purchase typically presented?

An offer to purchase is typically presented after negotiations have taken place. This is because the negotiation process allows both the buyer and seller to discuss terms, such as price, contingencies, and timelines, and reach a mutual understanding before formalizing the agreement. Presenting the offer after negotiations ensures that both parties have clarified their intentions, resulting in a more informed and genuine offer that reflects the desires of both the buyer and seller.

In some cases, if negotiations occur informally, an offer may be presented, but the most common practice is to engage in discussions first to address any concerns, expectations, and adjustments before finalizing the offer. This sequence of events increases the likelihood of a successful transaction and encourages open communication between the parties involved.