Buyers & Agents
 | We strongly encourage you to offer the absolute top dollar you'd be willing to pay for the home. The price drops every 2 days. Your offer amount will not be revealed to others, and the amount of other offers will not be revealed to you. In the meantime, we're already working with the lender, so the short sale process is moving forward. |
Write your offer in accordance with the Contract Terms tab to the left. Include your email address. Fax or email the offer to the listing agent. The listing agent will email you confirmation that your offer has been received and processed.
If you offer BELOW List Price:
1. Hope another buyer doesn't offer more than you while the price continues to drop. The higher your offer price, the sooner your offer will be at the List Price to experience the benefits metioned below.
2. If the lender provides written short sale approval at your price and no other buyers have offered more than your price, your offer will be considered at the List Price to experience the benefits mentioned below.
If you offer AT List Price:
1. The seller will sign/accept your offer to form a legally binding contract.
2. IMMEDIATELY send the initial deposit to escrow. MLS status will then change to 'pending'. If escrow does not close for any reason, the initial deposit will be returned to buyer absent bad faith.
3. The listing agent will update you via email every ten (10) days on the status of the short sale negotiation with the lender(s).
4. Once we receive written short sale approval, conduct your physical inspection. If the utilities are off, have them turned on in buyer's name. Time is critical because the lender will probably require the transaction close in 30 days.
5. Any necessary repairs revealed by the inspection will be subtracted from the purchase price with a contract addendum. Seller will not pay for repairs.
6. Escrow will close, usually in a big rush to meet a demanding deadline from the seller's lender.