'Ready to Offer' Checklist
Given how fast homes are snatched up in the Bay Area, you need to be ready when you see a home you love! Below are items your realtor will ask you for to go along with your offer:
- "Love" Letter
- Offer Amount
- Legal name(s) of offeror(s)
- Decisions on whether you are removing any of the contingencies below.
- Financing, if this is not removed, find out from your lender the timelines for the following:
- Financing Contingency Removal
- Appraisal
- Time to Close
- Appraisal
- Inspection
- Pre-Approval/Pre-Underwritten Letter.
- If all cash, proof of funds.
If your offer gets accepted, you need to wire the 3% deposit within 3 days. It takes stocks about a week to settle so ensure you have the 3% deposit in cash in the bank account you want to wire from.