Make it Yours

Want to make an offer?

Choose your method to represent your interests:

1. Real estate agent - typically ~3% of purchase price / buyer's agent

2. Real estate attorney - hourly rate

3. Title company experienced in closing private sales - ~ $500 (to write up industry standard offer with your details / criteria)

Discuss with your representative whether you want to use a "highest and best" or "escalation clause" strategy in your offer.  This will affect how the your offer is written up and what happens to your offer if more than one party submits an offer.

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This property is offered for private sale by an estate.  The estate will evaluate the merits of an offer based on the following factors:

• Estimated net proceeds

• Financing terms (i.e., mortgage/type of loan - conventional/VA/FHA, or cash purchase) and earnest money deposit.  The estate will carefully consider all types of finance and will evaluate a wide variety of situations.

• Proof of funds or mortgage pre-approval document

• Timing

• Contingencies

• Terms defined about inspection, escalation clause, appraisal gap, repair requests, credits, closing costs

• Any other factor the estate deems important not mentioned above, within the limits of law

What will happen to my offer?

(pay attention to #3 below)

1. The estate will offer a date at which any offers will begin to be reviewed.  You may submit an offer early, but the review process will begin at the designated date.

2. The time period during which the estate intakes offers will end if an offer is accepted.  However, the estate is open to backup offers from interested parties at any time up until the property sale has closed.

3. Due to stipulations of the estate, please note that acceptance time for any offer will be longer than typical, so write your offer (expiration time) accordingly if you do not want it to expire before the estate executor has the ability to accept it.  The estate's best estimate of acceptance time is 1 week. This is not at the discretion of the executor but rather is dictated in the terms of the estate, which the executor does not control, only administrates.