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Updated over 8 years ago,
Offers on MLS property by Agent/Investor - Contract Questions
Hi, Newbie here, both agent and investor.
I found a few listings on the MLS i'm going to make offers on (lowball of course), and hope for a bite. Any suggestions on contracts, exhibits, and stipulations I should include on my offer.
I'm an agent in Atlanta, GA, so I will use the GAR forms which I've paid for. And my offers will be all Cash.
I will submit the standard Purchase and Sale Agreement (GAR-F20 in GA). That form includes a due diligence clause, thats important and I'm covered.
I will not include a loan contingency, or an appraisal contingency.
Should I add an "All Cash" exhibit?
Are there are other stipulations at people are adding for these type offers? Survey contingency, or special stip?
OR should i even bother submitting a contract? And just go verbal or offer via simple email? I read some people are using Letters of Intent. I'm afraid my offer will never make it to the owner.
I'm just wondering what other agent/investors are doing.
Thanks in advance for any input.