Which entity is typically responsible for preparing the initial offer to purchase in a real estate transaction?

In a real estate transaction, it is common for the buyer's agent to take the lead in preparing the initial offer to purchase. This is because the buyer's agent is typically representing the interests of the buyer and has insights into the market conditions, comparable properties, and the buyer's preferences and budget.

The buyer's agent drafts the offer, which includes key terms such as the price, contingencies, and closing timeline. This document is then presented to the seller or the seller's agent for consideration. The involvement of the buyer's agent ensures that the offer aligns with the buyer's goals and meets legal and contractual standards.

The title company, while crucial in the transaction for title searches and insurance, does not prepare the offer; their role comes later in the process. The seller's attorney may assist in reviewing the offer and preparing a counteroffer but is not typically involved in the initial drafting. The mortgage lender provides financing options and pre-approval but does not participate in creating the offer itself.