Making an offer outline – National Realty Intranet

Making an offer checklist

The Buyer Agreement:

Exclusive Right to Represent Buyer (Do not submit this with your contract offer).
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Overview: Elements of a contract offer:

Details about the above:

The Buyer agreement

Buyer agreement is not submitted to listing agent with contract offer. It is for office internal use only.
States we represent the buyer, but the seller is paying commission.
States at settlement buyer will pay closing costs + $495 admin fee.
Signed by buyer and Broker Paul Hartke. (give copy to client)

The Sales Contract
If Sellers Market: Full Price. No seller subsidy. Fewest contingencies.
If Buyers Market: Full price, maximum seller subsidy. The lender knows that amount which saves the buyer from paying that at settlement..
Nice size EMD payable to National Realty ( 1% or more)
Financing & appraisal contingencies for 21 days.
Lender letter of approval for 21 days.
Lender Andy Sikora, 703-505-2999 andy@andysikora.com or who buyer selects
Property Disclosure addendum: Provided by seller stating being sold “as is”. This can be found already signed by seller in the documents icon at the top left of MLS subject listing.
Home Warranty optional: Americas Preferred
Single Family $425. TH / condo $399.
Escalation Addendum – Add this addendum if its a sellers market and if property has been on the market a short time. Come in at full price and outbid others. The contract asks for increments higher and lid price.

After Ratification: (see after ratification checklist)
Copy of EMD – Upon ratification submit to National Realty by giving to management or sliding it into the lockbox on the front desk. Property address and agent last name in memo section.
Buyer has 5 days to make written loan application.
Make copies of ratified contract for Listing agent, your Buyer, Lender, Settlement company and to your Broker via Case Processing sheets found on www.nat22.com