Do I Get a Signed Agreement if My Offer is Accepted?
A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. No offer is accepted until the seller signs the addendum.
A common source of confusion on bank owned homes is what constitutes an actual contracted agreement. No offer is accepted until the seller signs the addendum.
With the exception of HUD owned homes, the bank/corporate seller chooses the title company. WILMOTH Group has no say in the matter either.
Links to forms for Realtors, HUD Home Offers, Fannie Mae Buyers, and Buyers Not Represented By a Realtor.
Please understand that a property being sold as-is means the seller will not be making repairs.
It is strongly recommended that your offer be submitted with a proof of funds or a preapproval letter.
No, unfortunately HUD will not make the stated appraisal available to Buyers or their agents.
With HUD homes please remember, WILMOTH Group does not have any involvement in the bidding process.
When preparing line 5 of the Sales Contract, you will be able to request up to 3% of the bid amount for closing costs over and above those to be paid by HUD.
Purchases of HUD homes require a different process for inspections. The listing agent is not involved in setting these inspections up.
If a buyer does not have a Social Security number, they will need to have a Taxpayer Identification Number (TIN).