Why I Love When Agents Upload Offer Instructions

Reblogger Jerry Newman
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/5d5t

Having the offer instructions available while writing up an offer really comes in handy. I totally agree with my fellow Texas agent in Katy Texas about loving it when listing agents upload the offer instructions into the MLS.  Drop by and Welcome Rae to our community. 

Original content by Rae Dolan TREC #702048

Early on as an agent, a home I submitted an offer for had a document labeled "Offer Instructions" in the files. I thought this was brilliant. It made creating the offer easier for me as the Buyer's agent and created less back and forth. I immediately followed suit and created an Offer Instructions document to use with my listings. Below is a summary of the information listed in it.

 

Where to send the offer

I ask them to put "Offer for [property address] in the subject line and give them the email address they should use to submit the offer.

Listing agent and broker information

I list all the details required in the agent information section of the offer. The brokerage name, license number, address, and phone number; agent name, license number, email and phone number; and their licensed supervisor's name, license number, and phone number.

Contract details specific to myself or the property at hand

In my case, that information includes:

  • The name, address, phone number, and specific title agent name of my preferred title company
  • How much earnest money to list in the contract.
  • What option to check in the property survey box.
  • To include the signed Seller's Disclosure if one exists in the document section with the offer.
  • To execute and include any addenda listed in the document section with the offer.
  • The amount per day for the option fee, the maximum number of days for the option, and where to drop option checks.

I keep the instructions short and sweet, and it's a one-page document. It helps prevent a lot of searching for this information by the Buyer's agent and helps ensure I receive offers on my listings that are complete, and that go where I want them to go.

 

If you're not currently using an Offer Instructions document, I'd highly suggest you consider doing so.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Location:
Texas Bexar County San Antonio

Spam prevention
Show All Comments
Rainmaker
2,635,413
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jerry,  great reblog and glad to see you in the rain, miss you, hope all is find.

 

Jul 01, 2018 08:05 AM #1
Ambassador
1,070,514
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks Will. I pray all is well with you and your family. Not as active as I used to be, but I still drop by the Rain once and awhile. Have a Blessed Day!

Jul 01, 2018 08:24 AM #2
Rainer
427,000
Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH
CRS

Its a great idea to have "Offer instrtuctions" available to answer most frequently asked questions by the offering agents!!!

Jul 01, 2018 09:00 AM #3
Rainmaker
2,759,403
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jerry good to see you.  I guess I am old school  and we will disagree on this.I prefer to have a conversation with the buyer's agent before they submit an offer. When I represent buyers especially in a fast market I like to know what is important to the seller and the listing agent.... not a fan of impersonal load and submit, then we are no different from the Z's & T's of this world....Endre

Jul 01, 2018 10:11 AM #4
Rainmaker
2,488,813
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Jerry Newman information is always helpful but, like Endre Barath, Jr. I do like to keep the personal contact on negotiations.  Some listing agents, though, really don't want to talk to anyone!

Jul 01, 2018 08:02 PM #5
Rainmaker
1,101,041
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Jerry, where ya been? Good to "see" you here in the Rain again.

Jul 02, 2018 02:24 PM #6
Ambassador
1,070,514
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417 

Yes, I pop in and out of the Rain. I sort of lost my passion for blogging, and perhaps, I will be able to find it again soon. Thanks!

Have a Wonderful Week!

Jul 03, 2018 06:55 AM #7
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,070,514

Jerry Newman

Texas REALTOR, San Antonio Military Relocation
How May I Serve You Today?
*
*
*
*
Spam prevention

Additional Information