In putting in the offer, the standard practice is for a buyer to submit it in contract form so that all the terms are very clearly spelled out. We will need the following details / info in submitting the offer:
- Legal Name(s)
- Type of Contract - Standard or As-Is with Right to Inspect and Cancel. Details about each can be found here: https://www.
- Offer Price
- Deposit - how much do you intend to offer as a good-faith deposit.
- Title Company - Who will hold the deposit. We recommend you use the same provider for both.
- Finance or Cash. If financing, how much do you intend to finance as a percentage of purchase price and what type of loan are you using. And normally sellers will want to see the pre-approval letter from lender in advance of responding to an offer.
- Seller Response Deadline. We normally do 24 hours - but please note that in Florida, until both parties have signed the contract, nothing is legally binding and there is no obligation for either party to perform or respond.
- Closing date.
- How many days for inspection contingency deadline. The contract has 15 days as default, but sellers usually prefer a shorter time frame - 7 to 10 days is typical.
We can discuss each of these items in more detail as questions arise.