Questions about writing offers

[Victor B.]

Hi BP,

I was wondering if people that have gone through multiple deals could help paint a picture of what the offer writing process looks like. A lot of postings on, ex. Zillow, don't have nearly enough info (in my opinion) to comfortably make a hard offer.

Do you reach out and ask for more info first? Do you make a best estimate based on the info available and make an offer at that price (even if its somewhat below asking) and ask for more info then? I'd appreciate help understanding the process of going from "property looks good on Zillow" to "signed and closed the deal".

Moreover, I'd like to know at what point you get "locked in", either fully or you lose your deposit.

Lastly, any comments about general etiquette around writing offers would be really appreciated!

Thanks,

Victor