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Updated over 10 years ago on . Most recent reply

User Stats

52
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5
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D'Mark Poole
  • Real Estate Investor
  • Federal Way, WA
5
Votes |
52
Posts

How to write and submit offers?

D'Mark Poole
  • Real Estate Investor
  • Federal Way, WA
Posted

I would like to close on my first deal. I've located three properties that I know have potential. I went to the addresses to see the properties on my own. After looking around the properties, I've decided this is the time to make an offer on at least one, if not all three. I don't know how to write up an offer. I don't have a P&S Agreement contract form or any of the forms I need to make an offer. One of the listing agents wants a POF (which I don't have) before I can make an offer on one particular property. My goal at this point is to submit offers and get the property(s) under contract. I need help in the worst way. Any suggestions would help.

Most Popular Reply

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22,059
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14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

If these properties are listed on the MLS you might as well get your own buyers agent to write the offers. The commissions will be the same in either case.

A proof of funds for an all cash offer is a bank statement with the same name as is on the offer, showing enough money to close the deal.  If you don't have that, write your offer as financed.  Then attach a pre-approval letter from a lender showing you're approved for the loan.

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