 | Attention: 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. A fake offer has already been sent to 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 with your offer. I will confirm receipt of all offers via email. Two ways to send your offer: A. Fax on super-fine resolution to FAX: 760-542-1959
B. Scan (or efax/mongofax to yourself) in Adobe (.pdf) or Word (.doc) format then email to listing agent.
If you offer BELOW List Price:
1. Your offer will be submitted to the lender for approval, if it is the highest offer thus far.
2. The property will remain in ‘Active’ status and you WILL have to worry about another buyer paying more than you for some period of time. The higher your offer, the sooner it will be accepted.
3. If the price drops down to the amount of your offer, OR if the lender provides written short sale approval, your offer will 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 sent the initial deposit to escrow. MLS status will change to 'pending' after escrow confirms receipt of this deposit. 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 once a week with 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.