How to make formal offer withOUT buyers broker?

3 Replies

Hi,

I did a driveby of a prop in need of rehab and want to make a cash offer (basically for lot value). Does anyone have a template I can use for such? Or can I simply send an email with my offer price to the listing agent/broker?

The listing agent will probably want the offer on a board of realtors contract. contact the listing broker and say I want to make an offer to you as an unrepresented buyer. The listing broker can write it up.

Alternatively there are contracts in the "FilePlace" under the resources tab above.

Originally posted by @Petit Morne :

Hi,

I did a driveby of a prop in need of rehab and want to make a cash offer (basically for lot value). Does anyone have a template I can use for such? Or can I simply send an email with my offer price to the listing agent/broker?

If it's a listed property, you should make your offer on the CA realtor board contract. That being said, In most cases you are really not well served by making the offer directly to the listing agent, especially if the property is an REO. Why not find a buyer's agent? They're free, they work for you and they make sure your offer is considered. Many So Cal listing agents will ignore unrepresented buyers. You may have heard that you should make your offer directly to the agent because the agent is more likely to accept it because they'll get the full commission. This is simply not true. Many agents are not interested in dual representation and will not work directly with unrepresented buyers.

If it is a short sale and you are the buyer, you do much better talking to the list agent directly without a buyer's agent. In such case, you don't have to worry about a template of contract.

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