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2. What is a cash offer on a house, and should you make one? - AOL

   www.aol.com/finance/cash-offer-house-one...

   Pros and cons of an all-cash offer. If you can afford to buy a house without a mortgage, you’re likely in a good spot with your bank account. However, make sure you weigh the potential upsides ...

3. Cash offer - Wikipedia

   en.wikipedia.org/wiki/Cash_offer

   This differs from a pre-approval letter, which is a formal estimate of what a buyer can afford - not an obligation. A commitment, however, does not account for the appraisal contingency, which can adversely effect the strength of a mortgage offer in competitive markets. [3] Not all cash offers are alike.

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5. Invitation to treat - Wikipedia

   en.wikipedia.org/wiki/Invitation_to_treat

   The offer is made by the intending buyers in the form of bid. Such an offer (bid), when accepted by the fall of hammer or in some other customary way, will result in a (binding) contract. A contract is a legally binding voluntary agreement formed when one person makes an offer, and the other accepts it.

6. Offer and acceptance - Wikipedia

   en.wikipedia.org/wiki/Offer_and_acceptance

   Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree". [1] An offer is a statement of the terms on which the offeror is willing to be bound.

7. 4 Costs To Backing Out of a House Offer - AOL

   www.aol.com/4-costs-backing-house-offer...

   When making an offer on a house, buyers typically submit what’s called an earnest money deposit as a show of good faith. This deposit, usually ranging from 1% to 3% of the purchase price, is ...