What happens after you make an offer on a house?

ANSWER

You have to wait for the seller to respond to your offer to purchase.

There is no time limit on when they have to respond, although the standard response time is 24 to 48 hours.

It may take longer if the seller is considering multiple offers.

Once your offer is accepted, you can apply for a home loan. If the home loan application is approved, the process of transferring the property to your name will begin.

When the time comes to apply for a home loan, you can get yourself a better deal by applying with O-YES Home Loans. We submit your application to multiple banks, allowing you to compare deals.