Instructions for Writing a Contract
on a MyOffMarketHomes Property

The contracts vary slightly from state to state because we hold title under different company names in different states to keep taxes easy. Please use the following contract based on where the property is located:

ALL buyers must download and read the following: Lead Based Paint Pamphlet

A few important points to mention:

  • You must send proof of funds with your offer. That’s a bank statement if buying with cash. Approval letter ALONG WITH BANK STATEMENT SHOWING DOWN PAYMENT if purchasing with hard money, conventional funding, or any other funding that is not providing 100% of the purchase price.
  • Make sure you fill out the contract in its entirety, including the lead based paint (even if the home was built after 1978)
  • There are No home inspection or financing contingencies, unless otherwise noted in the listing of the property.
  • Earnest Money Deposit (EMD) can be held with an entity of BUYER’S CHOICE that is legally allowed to hold it (i.e. real estate brokerage or closing company), but an email confirmation that they are in receipt and holding the EMD for this transaction must be provided within 1 day of ratification.
  • EMD must be hand delivered or wired within 1 day of ratification
  • We prefer using the closing company listed in the contract. By law, we can’t MAKE you use our closing company? No. But we can choose another contract that DOES use our closing company. 🙂 Note: Unlike a LOT of agents in a traditional transaction of a listed property, we do NOT get a ‘kickback’ or any kind of payment for using our title company. We just have confidence that they will get the job done correctly.
  • Unless expressed in the notes section of the listed property, you choose a closing date YOU feel most comfortable with. We prefer the soonest you feel confident you KNOW you can close (~14 days is ideal). If we have an issue with your closing date and feel it needs to be moved, we’ll let you know BEFORE ratifying.
  • If you are an agent with a client that wants to make an offer, you’ll want to add the following to the bottom of the contract: “Seller agrees to pay xxx commission to xxx brokerage when buyer and seller go to settlement on property.” But please keep in mind our decision on which offer to choose is based on the “net offer” we receive… and we have a LOT of investors on our list that do not use an agent.
  • All properties are sold in absolute as-is condition. Assume all the personal belongings and/or trash you see at the time of showing will NOT be removed by settlement and will become the responsibility of the buyer after settlement. (If you need it removed, we have contacts that can remove it quickly. We will be happy to provide those contacts if you have the winning offer.)

Have other questions? Check out our FAQs page: https://myoffmarkethomes.com/faq/.

STILL have questions? Email Greg(at)MyOffMarketHomes.com.

You can scan/email the offer to me at Greg(at)MyOffMarketHomes.com, docusign it to the same email address, or fax it to 202-379-3048. Contracts are typically reviewed the day after the showing, but details for the contract due date/time can be found in the showing email. But please send your contract ASAP so we can review it to ensure you haven’t missed anything. If there are multiple offers, we will ask for “best and final” ONCE (no bidding wars or escalation clauses).

We look forward to working with you!

GregSignature
Greg Norman, Founder MyOffMarketHomes.com