DeeLight 8 Report post Posted August 8, 2012 Does everyone submit a short offer form or short offer letter before proceeding? I seems like it would be a good thing to prevent misunderstanding down the road. This is sent after having had a conversation with the seller and due diligence? Share this post Link to post Share on other sites
<Steve> 82 Report post Posted August 9, 2012 I am a firm believer and user of MC's Short Offer after speaking with a seller and before going to the house to close the deal. The Short Offer gives the seller something to review, showing the general terms of the deal of what I can do. It also allows me to continue the conversation after the phone call with my due diligence completed. Also, if the seller is not motivated today my offer sits on their computer desk top until they are. I did have to modify it a little for CAs. Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 9, 2012 Awesome Steve, thanks so much. I like the offer sitting on their desktop--good reminder Share this post Link to post Share on other sites
Propertymagnets 7 Report post Posted August 9, 2012 The Short Form is an excellent tool to get a potential seller's attention DeeLight. Like Steve, I send out the Short Lease/Purchase Offer for every potential deal. From my perspective, this tells the homeowner (1) that I'm not a tire-kicker, rather I'm a person who might have a solution to their problem. (2) The seller knows what terms I'm initially offering. (3) The contingencies at the bottom of the Options Section provides an escape route if, through your due diligence, you decide to forgo this property. Inspection: This offer is contingent upon physical inspection of property and subsequent completion of a formal and signed Residential Lease with Option to Purchase Agreement. Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 9, 2012 Thank you Charles. Good thoughts to consider. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 9, 2012 In addition to what's already been said, the Short Offer Form, (for a sandwich lease), and the Short Offer Letter, (for a Cooperative Assignment), also serve the purpose of not giving a homeowner a full set of contracts that they could then go and use for themselves, (ask me how I know this can happen ). Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 9, 2012 GASP!!! People would actually do thaaaat? I'm so shocked! Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 9, 2012 GASP!!! People would actually do thaaaat? I'm so shocked! Hehe. Imagine the unimaginable. Share this post Link to post Share on other sites
