San Diego Short Sale Expert/Specialist Realtor

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Attention: Buyers & Agents! 
We strongly encourage you to offer the absolute top dollar you'd be willing to pay for the home.  The High List Price drops every 2 days.  Your offer amount will not be revealed to others, and the amount of other offers will not be revealed to you.

 

Write your offer in accordance with the Contract Terms tab to the left.  Include your email address with your offer.  I will confirm receipt of all offers via email.  Two ways to send your offer:
  A. Fax on SUPER-FINE RESOLUTION to FAX: 760-542-1959
  B. Scan (or efax/mongofax to yourself) then email to jwoodall@HomeAuctionAdv.com in a commonly used format such as Adobe (.pdf) or Word (.doc).

 

If you offer BELOW the High List Price:
1. Your offer will be submitted to the lender for approval, if it is the highest offer thus far. 

 

2. The property will remain in ‘Active’ status and you WILL have to worry about another buyer paying more than you for some period of time.  The higher your offer, the sooner it will be accepted.

 

3. If the High List Price drops down to the amount of your offer, OR if the lender provides written short sale approval, your offer will experience the benefits mentioned below.

 

If you offer AT the High List Price:
1. The MLS status will be changed to ‘Pending’ so that you do NOT have to worry about any other buyer paying more than you.  Occasionally, in a difficult negotiation, we may need to keep the listing in ‘Active’ status in compliance with Sandicor rule 10.1.1.

2. The seller will formally sign/accept your offer to form a legally binding contract.

 

3. IMMEDIATELY deposit earnest money with escrow and order a physical inspection of the property.  If the seller's lender rejects the short sale, the earnest money will be returned to you.  If the utilities are off, have them turned on prior to the inspection.

 

4. Your physical inspection will likely reveal one or more problems with the property of which you were not aware after your intial walk-thru or in the disclosures.  Have a contractor or handyman provide you with a WRITTEN quotation to correct these hidden repair items.

 

5. The Seller will sign a Request For Repair, CAR Form RR revised 11/07, with paragraph 1.A.(ii) giving your Buyer a closing cost credit or a price reduction in the amount of the necessary repairs.  Paragraph 1.A.(i) will NOT be used in this transaction.

 

6. Provide us with a Contingency Removal, CAR Form CR, signed by the Buyer once the Request For Repair has been finalized.

 

7.  The lender will order their valuation and analyze the offer in that light.  Frequently, an investor behind the scenes, with whom we will never speak, is the decision-maker.  This lengthy process could take two months or more.

 

8. As soon as possible, provide us with a written loan approval letter stating that the Buyer's loan has been approved through underwriting and docs are ready to be delivered to escrow.

 

9. BE PATIENT and recognize there are no guarantees.  The lender may reject an above-market offer due to a dysfunctional internal organization.

 

10. Once escrow receives written short sale approval letters from all lien-holders, the termite repairs will be completed, the seller and buyer will sign, and escrow will close.