Making Offers
When you want to make a offer on a property, you are supposed to fill out a contract to purchase, correct?
What if you have multible offers you want to submit, do you have to fill out a contract for every offer? I would think it would be better to write up a letter of intent for the offer, and if it gits any interest from the seller,then write out the contract?There is alot to fill out on the contract,what if you are still negociating with the seller? This does not make any sense to me? Yes i am new at this, and would like some advice. To me it seems like a waste of time,since you are suppose to summit many offers,writing out a contract out everytime, alot of the offers will be rejected,alot of time wasted????
MIKKI:
You got it - make a letter of intent. Once you agree to the basics, the details fall into place.
Nic
I would just write up a contract for any offer and have my contingencies in place and send them on. What is your strategy for multiple offers? I like playing with closing date and financing. For instance, one offer with 30 days and 95% financing with a closer offer to purchase price then an offer, all cash (use hard money) and a closing date in 14 days and a lowball offer.
[addsig]