The 3’s of a Residential Offer (Simplified)

When a buyer makes an offer there are three things that are important to add to the offer contract. 

1. A well written and thorough pre Approval Letter
2. Proof of funds for the required down payment and reserves if required
3. Proof of funds for an on time Ernest Money Deposit delivery

And the contract needs to be clear on three points

1. The offer price and terms
2. The timeline to close of the escrow
3. The financing arrangements if not a cash offer

Finally the Seller is faced with three decisions

1. Approve the offer as is
2. Make a counter offer with different price or terms
3. Reject the offer 

Of course this is simplified. It is like saying ‘Basketball is easy. You put the ball in the basket at your end and stop the other  team from putting the ball in their basket.” Sometimes we need to start with simplicity.