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 Letter2. Proof of funds for the required down payment and reserves if required3. 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 terms2. The timeline to close of the escrow3. The financing arrangements if not a cash offer Finally the Seller is faced with three decisions 1. Approve the offer as is2. Make a counter offer with different price or terms3. Reject the offer  Of course this is simplified. It is like saying ‘Basketball … Continue reading The 3’s of a Residential Offer (Simplified)