Offer Instructions:

The following information is required with all offers that are to be submitted to the bank/seller for review:

• The Purchase and Sales Agreement
• A pre-approval letter from a lender or proof of funds for cash offers. Note; Proof of funds should be a letter from a bank or a copy of a bank statement indicating the buyer has access to the funds.
• Copy of a deposit check. Note; A bank check may be required for quick closings.
• Offers should indicate if the buyer is an investor or if the buyer is going to owner occupy the property.
• Offers should indicate if the buyer has a title company preference. Note; The title company name may be added to the bank/seller addendum.

Offers will not be submitted to the bank/seller if any documents are not included with the offer.
Please e-mail offer to Lee@LeeJohansen.com. I will reply to your e-mail confirming receipt.

Offer Acceptance Process:

All offers will be sent to the bank/seller for review. The bank/seller may choose to accept, reject or counter an offer. Once a buyer and the bank/seller come to terms on an offer:

• The bank/seller will complete the addendum.
• The addendum will be sent to the buyer for review and signatures.
• The addendum, along with the signed Purchase and Sales Agreement and the disclosures will be returned to the bank/seller for signatures.
• All parties will receive signed / fully executed documents.

Additional Notes:

• Bank/seller may not respond to an offer for 1-3 business days.
• Buyer should not expect signed contracts for approximately 3-7 business days from the bank/seller.
• Bank/seller will not accept an offer with any buyer changes to bank/seller addendum.
• Buyer may be required to pay a per diem between $100 and $250 for any time lost beyond the closing date on the purchase and sales agreement.
• Buyer should be aware that a purchase and sales agreement is not enforceable until signed by all parties.
• Bank/seller will most likely not accept a purchase and sales agreement with a home sale contingency.
• Bank/seller will most likely not accept a lease to own offer.
• In a multiple offer situation, bank/seller may ask for buyer’s highest and best offer. Bank/seller, at bank/seller’s option, may choose one or none of the multiple offers.
• It is recommended that the Buyers change locks on the purchased property as the keys are commonly used in the foreclosure industry.
• Buyer cannot move personal property or take possession of the property prior to closing under any circumstances including closing delays that might occur due to the Seller.

Hosting by Little Oak