SENDING AN OFFER
Please read carefully!
Following these instructions will make the processing of your offer much faster.
All documents must be sent in ONE FILE.
This is the order in which the documents need to be delivered:
1. |
Cover page with your name, telephone and email address clearly typed or printed. |
2. |
Bank Addendum (only after your offer has been accepted). |
3. |
Purchase Agreement. |
4. |
Purchase Agreement Addendums. |
5. |
Copy of EMD check. |
6. |
Lenders letter or proof of funds if paying cash or no financing contingency. |
7. |
All disclosures. |
Do not send documents that our Seller is not requiring to sign: no buyer broker agreements, no MLS printouts, no tax records!!!
OFFER REQUIREMENTS
1. |
Have Seller’s name as “Owner of record” or leave blank, unless otherwise noted or specifically stated in any addendum. |
2. |
A prequalification or lender letter must be attached. For all cash offers, proof of funds must be attached. This includes, but not limited to, bank letter stating funds availability, bank statements, CD’s, etc. |
3. |
A copy of the EMD must accompany all offers. Most banks require the Listing Broker to hold EMD. We suggest for you to make check payable to RE/MAX Realty Group. If offer is ratified check will be deposited immediately. |
4. |
If you are requesting any type of monetary seller concessions, make sure you DO NOT place the amount in multiple locations on your offer. The requested amount should appear ONLY ONCE in the entire offer. |
5. |
To ensure accuracy of information, all offers need to be type written. In case this is not an option we strongly suggest you print clearly. Please refrain of using cursive handwriting. |
6. |
Offers need to be complete in order to be presented to the Seller. Incomplete offers will be acknowledged as “incomplete”. We will inform you of any missing documents but it is your responsibility to make sure the requested missing documents are attached to your new offer. You will need to submit a new offer. |
REGISTERING AN OFFER
To register your new offer, you will need select the property of your interest in our List of Properties and follow the link given in each property. If you have previously registered your offer and need to make any type of correction or counter just follow the link to Update A Registered Offer.
OFFER PROCESSING BY OUR REO DEPARTMENT
1. |
Once you submit an offer, you will get an e-mail confirmation acknowledging the receipt. |
2. |
If an offer is incomplete, you will receive an e-mail notification prompting the required documents to make your offer whole. You will need to submit a new complete offer. |
3. |
We submit complete offers as they are received during our normal business hours (Mon-Fri 9:30 am to 5:00 pm). Offers are submitted for review usually during the next 24 hours after it has been received complete. |
4. |
When your offer is submitted, you will receive another e-mail confirming it has been submitted for review. |
5. |
If your offer is accepted, additional addenda will need to be signed. |
6. |
Any information regarding your offer being accepted, countered or rejected will be sent via e-mail. Please note you will not receive any calls. |
You can track the status of your offer online at any time. Please DO NOT CALL for status updates.
EXPLANATION OF “STATUS” FOR AN OFFER
1. |
New. Offer has been received and our REO department has been received by our REO department. |
2. |
Incomplete. Offer is missing one or several required documents for our REO department to be able to submit for review. |
3. |
Negotiating .Offer has been submitted to Seller. |
4. |
Rejected. Seller is not willing to work with your offer. You can submit another offer with different terms. |
5. |
Highest and best. Seller is requesting your highest and best offer. |
6. |
Countered. Buyer will have the opportunity to accept or decline Seller’s new terms. Seller can withdraw a counter at any time. |
7. |
Held. Seller has agreed to the terms. Does NOT mean ratified. Seller might still be reviewing other offers. |
TO REMEMBER…
1. |
All properties are sold AS IS. No repairs will be done. No exceptions. |
2. |
Most banks expect to close in 30 days or less. |
3. |
Home sale contingencies will not be considered. |
4. |
Commissions will usually be based on the net sales price of the property. |
Thank you for taking the time to read these instructions.
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