Short Sale Offer Instructions
Prior to writing an offer on one of our short sale listings, please read the following instructions. This will save all of us time and will help us avoid counter offers. We recommend you follow all of the suggestions below. If you do not, the chance of getting your offer accepted will be very low. We use a professional shortsale negotiator on our transactions to give all of us the best chance of a successful closing. These are guidelines which we have determined assist in the successful closing of a shortsale. Rest assured, we close a very high percentage of our shortsale transactions and appreciate your help!
1) Earnest Money shall be NO LESS than $1,500. We prefer a $2,000 earnest money deposit, but we will not accept anything less than $1,500.
2) Our Short Sale Negotiator will not accept any file that does not use Northpoint Title and Keystone Escrow. Please use "Within 30 days of bank approval" for the closing date on page 1 of the P&S.
3) Inspection contingency shall be no longer than 7 days on NWMLS Form 35.
4) Short Sale Contingency period on NWMLS Form 22SS shall be NO LESS than 60 days. We prefer 90-120 but will not accept anything less than 60. If Bank Of America or Chase is the lender, we will not accept anything less than 120 days and would prefer 180 days.
5) On Paragraph 3 of NWMLS Form 22SS, we would recommend you check the box that says "may not".
6) On Paragraph 4 of NWMLS Form 22SS check the box that says "may not". (We will never suggest that our clients accept an offer that does not follow this guideline.)
7) On a NWMLS Form 34, please write a paragraph explaining that the inspection period will be within 7 days of mutual acceptance between the buyer and the seller.
8) Please provide a pre-approval letter with all offers! We cannot accept your offer if it is not attached to the offer. Also include signed off Form 17, Legal Description, and all other attached documents from the MLS listing with all offers.
We appreciate your cooperation with these items. Your buyer has a great chance of closing on the property if they are willing to stick with the transaction! We look forward to working with you!
The Excel Real Estate Group
206-319-5200
Prior to writing an offer on one of our short sale listings, please read the following instructions. This will save all of us time and will help us avoid counter offers. We recommend you follow all of the suggestions below. If you do not, the chance of getting your offer accepted will be very low. We use a professional shortsale negotiator on our transactions to give all of us the best chance of a successful closing. These are guidelines which we have determined assist in the successful closing of a shortsale. Rest assured, we close a very high percentage of our shortsale transactions and appreciate your help!
1) Earnest Money shall be NO LESS than $1,500. We prefer a $2,000 earnest money deposit, but we will not accept anything less than $1,500.
2) Our Short Sale Negotiator will not accept any file that does not use Northpoint Title and Keystone Escrow. Please use "Within 30 days of bank approval" for the closing date on page 1 of the P&S.
3) Inspection contingency shall be no longer than 7 days on NWMLS Form 35.
4) Short Sale Contingency period on NWMLS Form 22SS shall be NO LESS than 60 days. We prefer 90-120 but will not accept anything less than 60. If Bank Of America or Chase is the lender, we will not accept anything less than 120 days and would prefer 180 days.
5) On Paragraph 3 of NWMLS Form 22SS, we would recommend you check the box that says "may not".
6) On Paragraph 4 of NWMLS Form 22SS check the box that says "may not". (We will never suggest that our clients accept an offer that does not follow this guideline.)
7) On a NWMLS Form 34, please write a paragraph explaining that the inspection period will be within 7 days of mutual acceptance between the buyer and the seller.
8) Please provide a pre-approval letter with all offers! We cannot accept your offer if it is not attached to the offer. Also include signed off Form 17, Legal Description, and all other attached documents from the MLS listing with all offers.
We appreciate your cooperation with these items. Your buyer has a great chance of closing on the property if they are willing to stick with the transaction! We look forward to working with you!
The Excel Real Estate Group
206-319-5200