Profile picture for educate a girl

do you have a good example of an offer letter?

I am looking to make an offer on a home without an agent.  Would love to see a good example of an offer letter. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012 - Seattle
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (9)

Hi there,
I've often heard of buyers trying to save on commission or fees by not using a buyer's agent. Unfortunately, it usually only helps out the seller,  who gets to save on that fee, or the listing agent who eventually just writes the contract for you (but remember that they must represent their client, the seller, first and foremost). The fact that you need to go onto a forum to ask for an "offer letter" tells me that you may find yourself in a position to be taken advantage of (and that you may very well need some professional assistance to protect your interests).

Please save yourself in advance and find a good buyer's agent in your area (especially if you need help pin-pointing a value or comparing other properties) OR use an attorney (a reputable one) if you don't want to use an agent. Either of these will be able to help you write an offer that represents your interests (one with contingencies to help you get out the contract if needed and to protect your earnest money throughout the transaction)...either way, I think you'll benefit.

Best of Luck!
Ryan Halset, Realtor®, ABR®
Seattle Magazine, Five Star Agent - Best in Client Satisfaction
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 29 2012
Profile picture for hpvanc
I don't see anywhere that indicates the original poster is looking for help from agents.  This is an open forum, and they could be hoping for help from consumers that have successfully did it on their own.

That said, here is a link: http://www.uslegalforms.com/realestatecontracts/washington-real-estate-contracts-forms.htm to standard real estate forms for Washington state.  If you are in another state use the search feature on the site to find the appropriate state.  These are not free, so if you wish, you can keep searching to see if you can find free contracts.  In the interest of full disclosure, I haven't actually done what you are hoping to do, although I fully intend to try to avoid agents (at least the traditional definition of a real estate agent) in my next transaction, but I would probably go for a brief consultation with an attorney and hope they would throw in the standard forms for the consultation fee.  Good luck.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
SoCal, I've yet to find a seller who recognizes the difference between a wholesale price and a retail price.  I'm guessing that the battle is made twice as difficult because fair market value is typically a retail price. So, first you are negotiating with the seller to establish the retail price and then you are telling them that the wholesale price is 6% less than that.  It's hard to define the retail margin as being any different than the margin that you pay on everything else that we buy.
Educate a buyer, Real Estate 101 reads "nothing is established unless it is in writing."  The US has a very unique system for purchasing real estate that no one else in the world (save Canada) has. It is based on "writing an offer to purchase."
The NWMLS provides forms for more than 40,000 transactions a year, so the forms are, or the legal consequences, aren't the issue.  The issue is how to structure the offer.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
Don't think of it as an "offer letter." If the seller likes what it says, and signs it, it becomes a binding contract. So it is very important that it contains every single detail of the tranaction on its pages. You may be able to google "Washington residential real estate contract."
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
There are no offer letters..they are contracts and should be completed by a trained licensed real estate agent or a real estate atty. Why would you want to do it yourself as this is one of the largest investments you will make. VERY RISKY!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
Profile picture for SoCal_Engr
don't do it, an agent is like a insurance policy, but won't cost you anything

Obviously, the OP thinks differently. Reality is that REAs add about 6% into the total transaction cost. If the seller is FSBO, then there's 6% for both seller and buyer to play with on price. If seller is a traditional listing, then things will get more interesting. Either way, the OP seems to think that there is some benefit to not using a REA.

p.s. A form is a form is a form. If I were confident that the expertise counts more than the form, I'd have no problems sharing the form - in the expectation of a call for help in filling it out.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
don't do it, an agent is like a insurance policy, but won't cost you anything.

Hugh
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
Profile picture for SoCal_Engr
Kind of rough to come on a RE forum, tell the REAs you're not going to use them, and then ask them to share an example of an offer letter.

However, if you Google "online real estate forms", you might run across this site. May still have to pay some to get the forms, but...

Speaking of "pay", are you trying to buy from a FSBO? If not, let us know how successful you are in negotiating the buy-side of the listing agreement into your offer.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
Why are you asking agents, if you aren't going to work with one?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 28 2012
 
Related Questions
Sources for Seattle Estate Home Sales?
Profile picture for Stephanie Stetler
Latest answer by Stephanie Stetler
March 21 | 7 answers
Can we get a conventional loan with 5% with middle scores of 660 and 670?
Profile picture for Dave  Skow
Latest answer by Dave Skow
February 26 | 8 answers
Backing out from the purchase contract
Profile picture for Dave  Skow
Latest answer by Dave Skow
January 28 | 13 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1716 Kennewick Ct SE, Renton, WA Home For Sale
    1716 Kennewick Ct SE, Renton, WA 98055

     For Sale: $252,500

    • Beds: 3
    • Sqft: 1270
    • Baths: 1.75
    • Lot: 9082
  2. 13005 3rd Ave NE, Seattle, WA Home For Sale
    13005 3rd Ave NE, Seattle, WA 98125

     For Sale: $849,950

    • Beds: 9
    • Sqft: 5000
    • Baths: 5.5
    • Lot: 6969
  3. 5000 E Mercer Way, Mercer Island, WA Home For Sale
    5000 E Mercer Way, Mercer Island, WA 98040

     For Sale: $889,950

    • Beds: 4
    • Sqft: 4500
    • Baths: 3.0
    • Lot: --