Offer Instructions:

The following information is required with all offers that are to be submitted to the bank/seller for review:

• The Purchase and Sales Agreement
• A pre-approval letter from a lender or proof of funds for cash offers. Note; Proof of funds should be a letter from a bank or a copy of a bank statement indicating the buyer has access to the funds.
• Copy of a deposit check. Note; A bank check may be required for quick closings.
• Offers should indicate if the buyer is an investor or if the buyer is going to owner occupy the property.
• Offers should indicate if the buyer has a title company preference. Note; The title company name may be added to the bank/seller addendum.

Offers will not be submitted to the bank/seller if any documents are not included with the offer.
Please e-mail offer to Lee@LeeJohansen.com. I will reply to your e-mail confirming receipt.

Offer Acceptance Process:

All offers will be sent to the bank/seller for review. The bank/seller may choose to accept, reject or counter an offer. Once a buyer and the bank/seller come to terms on an offer:

• The bank/seller will complete the addendum.
• The addendum will be sent to the buyer for review and signatures.
• The addendum, along with the signed Purchase and Sales Agreement and the disclosures will be returned to the bank/seller for signatures.
• All parties will receive signed / fully executed documents.

Additional Notes:

• Bank/seller may not respond to an offer for 1-3 business days.
• Buyer should not expect signed contracts for approximately 3-7 business days from the bank/seller.
• Bank/seller will not accept an offer with any buyer changes to bank/seller addendum.
• Buyer may be required to pay a per diem between $100 and $250 for any time lost beyond the closing date on the purchase and sales agreement.
• Buyer should be aware that a purchase and sales agreement is not enforceable until signed by all parties.
• Bank/seller will most likely not accept a purchase and sales agreement with a home sale contingency.
• Bank/seller will most likely not accept a lease to own offer.
• In a multiple offer situation, bank/seller may ask for buyer’s highest and best offer. Bank/seller, at bank/seller’s option, may choose one or none of the multiple offers.
• It is recommended that the Buyers change locks on the purchased property as the keys are commonly used in the foreclosure industry.
• Buyer cannot move personal property or take possession of the property prior to closing under any circumstances including closing delays that might occur due to the Seller.

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