Categories
Uncategorized

How to Submit An Offer Summary


General Instructions For Offer Summary

At Homeselling AI you must provide an offer summary with or without a formal offer or purchase agreement.  This saves time – Saves paper.  After submission you will receive immediate confirmation via email.  To submit an offer summary simply search for the property that you want and click MAKE OFFER.  Then– provide the following information.         

Agent Name:  Type the Agent name that will be representing the buyer submitting this offer summary.   If there is no agent type NO AGENT.      

Property Address:  If the property address is not pre-filled, type the complete street address, city, state, zipcode.   

Email  Phone:  Type email address to receive confirmation, notification, and other alerts relating to the property.    You will be sent email to confirm, please double check for typo.    

 Listing #:  If the listing# is not already pre-filled select from a list of SAVED listing #s.  Verify to make sure your listing# reflects the property address.  If there is no listing# type listing# or search property and save property to add as SAVED listings.         

Offer Price:  Type the earnest money amount.   Enter only numbers without characters, ie, no commas, $$, /, -, etc..   For example, to enter $500,000 type 500000

Earnest Money:  Type the earnest money amount.   Enter only numbers without characters, ie, no commas, $$, /, -, etc..   For example, to enter $5000 type 5000

Financing:  Select one of the financing options.  For special request or explanation select SEE COMMENT. 

Loan amount:  If you will be purchasing with a mortgage/loan type loan amount.  If there is no loan type NO LOAN.  Enter only numbers without characters, ie, no commas, $$, /, -, etc..   For example, to enter $500,000 type 500000

Down payment:  Type down payment amount that will be required by the bank.  If there is no down payment required type NO DOWN.  Enter numbers without characters, ie, no commas, $$, /, -, etc..   For example, to enter $500,000 type 500000 

Other financing:   If you will be requesting or offering other types of financing select one of the options.  To make a special request or provide explanation select SEE COMMENT.

Seller concession:  If you will be requesting the seller to pay closing cost select one of the options.  To request a different amount or explain type SEE COMMENT. 

# inspection days:  Type the # of days requested for inspection.  If NONE type NONE, or type INSPECTION WAIVED. 

Property tax:  Who will be paying property tax for the current year? Select one of the options.  To make special request or provide explanation select SEE COMMENT. 

Sale contingent on sale of property:  Select Yes or NO.   If a bank will be requiring you to sell your existing property before you can purchase this property you must select YES.      

Proposed closing date:  Select desired closing date. 

Offer expires:  Select one of the options.  Select SEE COMMENT for special request or explanation  

UPLOAD:  This feature is optional.  Upload a bank or buyer letter, comparable properties, or purchase offer to strengthen your offer summary.       

Comments:  If you have selected SEE COMMENT above please type the field description in this field follow by explanation or special request..example..

Financing:  Type any special, unique, or creative financing such as buyer is seeking owner financing at 10% interest, 30 year amortization,  balloon payment in 5 years.   Buyer will pay 50% in Bitcoin and 50$ in bank loan.  Buyer is looking to rent for 12 months then pay off.
Inspection:  Buyer request 5 day inspection but could delay due to Holidays. 
OTHER:  Buyer requests the painted trash can, window protection, and lawnmower to be included in the purchase offer.  
OTHER:  Buyer is flexible on closing date but need decision before midnight.

Offer expires:  Type the time and date when this offer will expire.  Example, this offer is valid until midnight mm/dd/yyyy.  This offer is valid until cancelled by buyer.  This offer requires a yes or no before 5PM on mm/dd/yyyy. 

Who is paying buyer agent commission:  Select who is paying the buyer agent commission.  Is it the seller, buyer, or the listing agent?  Type whole dollar amount in box or percentage of purchase price, ie.. 2.5%, 3%, 5%, 5000, 10000.

Notify me of multiple offers:  Check this box to be notified in the event of a multiple offer.  If you do not check this box, you will not be notified. 

Submit:  Please review your offer summary.  Make sure the names, numbers, and comments are as intended.  Your offer summary is not final.  If your offer is selected the terms and conditions are subject to further negotiation.  If you have questions please contact the listing agent.

Leave a Reply