The online offer feature is designed to capture all the information legally required for an offer in Alberta, British Columbia or Ontario.
Here is how it works:
When you click on the "Make an Offer" button on the listing of interest, the offer feature loads.
The offer feature guides you step-by-step through the information you need to provide to the seller in order to make a comprehensive, legally binding offer. This includes the offer amount, deposit amount and timing, possession date, terms and conditions and other details.
Once you have completed all of the required fields you are able to select an expiration date and time for the offer.
Once the offer is submitted, the seller can accept, counter or decline the offer online and the deal will progress (or terminate) accordingly.
As you will note, the steps described above match the same process of a traditional offer process except that it happens entirely online (a major efficiency gain) and self-represented buyers are empowered to make offers alongside buyer agents.