Terms and Conditions of an Offer to Purchase a Property

Terms and Conditions of an Offer to Purchase a Property

It's not always the highest price that WINS and gets in contract. There are different things you can do to increase your chances of getting the property!

  • Type of Loan: FHA, VA, Conventional
  • Type of Preapproval letter: Preaqualification, Preapproval or Underwritten
    •  How far along the process are you? Has the lender reviewed all your documents and submitted to the underwritter and all that is needed is an accepted offer and acceptable appraisal?
  • Amount of Down Payment
    • Do you have additional funds to cover the difference of the appraised price and your offer price if the property does not appraise
  • Contingencies (Financing, Appraisal, Inspections)
    • How many days are your contingencies?
    • Are you waiving specific contingencies or all contingencies?
      • If you are waiving all contingencies, once your deposit is placed at the title company, your deposit is at risk if you cannot close
      • Buyers have contingencies to protect their initial deposit
  • Number of days to close
    • Are we closing in 5 days all cash?
    • Are we closing in 15? 18? 21? 30 days? 45 days Depending on the state of the market you are in, you need to be within what is standard in your area
  • Sell yourself the buyer and the agent
    • Listing agents want to know that the agent has control over their buyer, is knowledgeable, professional and easy to work with.
    • Sellers want to know who they are selling the property to. Sometimes sellers are emotionally attached to the home and can relate to you
  • Professional Offer Package
Janice Lee
International President's Premier
Top Producer, Top SF Realtor
415-832-9151
JaniceFLee@gmail.com
www.JaniceLeeHomes.com
BRE #01720205
Location: 1390 Noriega Street, San Francisco, CA 94122, USA

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