The Occupancy Period is the maximum number of days that the seller is expecting to remain in the home after closing before they move out.
The Daily Occupancy Rate is the amount per day that the seller is willing to pay until they move out.
These terms are negotiable, but the seller reviews each offer against their own criteria.
The date on which the seller expects to close on the sale of the property.
This date is negotiable, but helps the buyer to know what the seller ultimately would prefer.
Once a bid is submitted, it is "locked" and cannot be changed. It can be deleted by logging into your account, clicking the Property ID#, and clicking "Cancel".
If any of the information is submitted incorrectly, you must submit a new, correct offer and include a note indicating the Offer ID# of the offer it is replacing.
If an incorrectly submitted offer is accepted by the seller, DO NOT CONFIRM. The accepted offer will expire on its own.
You are encouraged to login to your account at SellerNation.com to view any and all updates in real-time.
Each agent also receives an email whenever an action or decision regarding an offer is made by the seller.
Commissions should not be included in the offer terms as it is not a term of sale between buyer and seller. Commissions are paid according to offer of compensation in the local MLS where the property appears.
You'll need the items you normally need when you prepare a purchase agreement:
YOU DO NOT HAVE TO ENTER TYPICAL SELLER CLOSING COSTS OR TITLE AND COMMISSION CHARGES. ONLY THOSE ITEMS YOU MAY BE REQUESTING THE SELLER TO PAY ON YOUR BUYER'S BEHALF.
You'll have space to include additional information for the seller's review in the Comment section of the offer form.
You will also need to upload a copy of your buyer's mortgage pre-approval dated within the last 30 days if the buyer is using financing. If yours is a cash offer, you'll need to upload satisfactory proof of funds dated within the last 30 days.
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