Meaning of the word "put in an offer" in English

What does "put in an offer" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

put in an offer

US /pʊt ɪn æn ˈɔː.fɚ/
UK /pʊt ɪn ən ˈɒf.ər/
"put in an offer" picture

Idiom

to make a formal proposal to buy something, especially a house or property

Example:
We decided to put in an offer on the house after the second viewing.
Has anyone else put in an offer yet?