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This page is updated has new REO's become available. See bottom of page for documents &/or instructions for REO's by address. Please check back for updates. Last update was 9 March 2010.
Realtor Instructions for REO Offers
Please read and follow these instructions carefully. They were complied from the instructions I am supplied with REO listing agreements. They are the standards required by REO owners and Asset Mangers. These people are often managing 200 to sometimes more than 500 REO properties at a time. They are very busy people. They will not take time to correct yours or my mistakes. They simply reject it and move on. Most offers are submitted by the Internet. If I have incomplete information, the company's website will not accept the offer. In other words, the offer can not even be submitted because the REO company's website will not allow it to be uploaded incomplete.
Pre-qualification or pre-approval letter from buyer's lender on lender's letterhead required before any offer can be submitted. Letter should state, at a minimum, the dollar amount buyer is pre-qualified for, type of loan, down payment amount, and that buyer’s credit report has been reviewed. Pre-qualification letter should also include lender's name, name of loan officer or other contact person, and their phone number, fax number, and email address.
If offer is cash, proof of funds is required. A letter from bank stating funds equal to or greater than purchase price are available to buyer, or a bank statement in buyer’s name are both acceptable.
An earnest money deposit of a minimum of $1000 is required for most offers. In some cases, the minimum earnest money may be up to 3% of the purchase price. For cash offers, the minimum earnest money deposit is sometimes 10%. See bottom of page for required minimum Earnest Money Deposit by address. All earnest money deposit checks should be made out to; HOME REALTY Escrow Account. Check must accompany offer. Do not bring cash. In some cases, the earnest money deposit must be in the form of a cashier’s check. If a cashier’s check is required, it will be noted a bottom of page under REO's address.
Provide a self addressed stamped envelope when you bring the purchase offer. (addressed to you or the purchaser, your choice) If your purchaser’s offer is not accepted, their check will be voided and placed in the mail within 3 to 5 business days after all counter offers are rejected. Earnest money deposit checks for accepted offers will be deposited into the HOME REALTY Escrow Account immediately upon offer acceptance. Should the contract fail to close, and the if purchaser is entitled to receive their earnest money deposit back, a check written on the HOME REALTY Escrow Account will be placed in the mail within 3 to 5 business days upon HOME REALTY receiving release signed by both seller and buyer. You are responsible for writing the release.
Offers contingent upon the sale of purchaser’s property will not be submitted or considered. Do not bring offers where the purchaser must sell before buying on the theory that if you leave the selling contingency out of the offer, they will simply have their loan rejected and all will be fine. If a loan is rejected because your purchaser did not sale current property, the REO company will seek your purchaser’s earnest money deposit.
Seller’s purchase addendum is required. Addendums, lead paint disclosure, and any other disclosures or disclaimers are available for download at the bottom of these instructions. Addendums will not be faxed unless they are not available for download on Internet.
Once all negotiations are complete, prepare a new sales contract and addendums that is legible and reflect the final negotiated terms. Seller will not execute counter offer forms. Seller often requires final documents within 2 business days. In order to meet this deadline, final original documents must be delivered to HOME REALTY's Buena Vista office by the following business day no later than 4 PM. All instructions are as per REO company and bank listing agreements and instructions. Incomplete or incorrect offers will not be submitted. Most offers are submitted over the Internet. A rejection copy will not be provided.
Residential Contract of Purchase
Offer should be typed in ZipForm. If hand written, it must be legible. Some REO Asset Manger will not consider a hand written offer regardless of how neatly it is written. Neither I or the Asset Manger will spent time trying to decipher your handwriting. The offer will be rejected.
Asset Mangers do not like to see blanks. Fill out all areas completely.
Sellers name and address as shown in MLS. Purchaser's name should be the same has in which they want to take title. If they are a LLC or Corporation, use that has the purchaser’s name. Name changes are considered assignments, and will not be allowed. Include purchaser’s address. Some REO's require the purchaser's phone number. Make sure to include the purchaser's phone number on a separate piece of paper if not already included on the earnest money deposit check or elsewhere. On a few offers, we may need the purchaser(s) social security numbers to submit the offer. Please have it available to you should I email or call requesting it. 1. Real Property: Accurately copy legal description as shown in MLS. Most REO attorneys are out of town or even out of state. They rely on an accurate legal description to begin their work.
2. Personal Property: Always type in “none.” Personal property can not be conveyed with a REO sale. If there is personal property left on the property, it will not be removed by the REO company. However, the former owner could come back and claim it.
3. Purchase Price: Include type of financing and loan amount &/or % of purchase price. If cash, write “cash sale” in 3(d).
If asking seller to pay any closing costs, write “Seller agrees to pay up to $_______________ toward borrower’s costs. This may include Discount points, Buy down points, Prepaids, FHA Commitment Fee, Survey, Tax Service Fee, and Closing Costs” in 3(d).
If asking seller to contribute to AmeriDream write “Seller agrees to contribute 3% of the purchase price ($ ), plus $500 (total $_______) to the AmeriDream Down payment Gift Program” in 3(d).
Be forewarned, although some Asset Mangers have agreed to pay closing costs and AmeriDream in the past, most will not. The more the purchaser asks for, the more likely their offer will be rejected.
4. Deposit: Write in “HOME REALTY Escrow Account”. Mark by check. Offers with a cash earnest money deposit will not be accepted.
5. Financing: Check with your purchaser’s lender for time needed for loan commitment. Type in "N/A" if a cash offer.
8: Settlement; Possession: Write in “Office of ‘buyer’s attorney’s name’, Attorney.” Do not write ‘designated attorney’s office’, unless you want the seller to ‘designate an attorney’. Then you and your buyer will be driving to the seller’s attorney’s office for closing, never anywhere nearby, often out of state. Buyer's attorney's address, phone number, fax number and email address should also be provided. Space for this is often on the seller's addendum. Provide it on a separate piece of paper if necessary. For closing date, be sure to provide enough time for the lender to complete the loan. The seller will charge a per diem penalty of $100 if the closing is delayed at no fault of the seller. 30 days from contract date is almost always acceptable. If you start asking for more than 45 days from the date of the contract, it will be countered or possibly rejected outright. If the offer is countered, and a few days past, remember to change the loan commitment and closing dates if you counter the counter offer.
9. Expenses; Pro-rations; Rollback Taxes: Real estate taxes are prorated has always. Any past due taxes and penalties are taken care of by the seller. (still the purchaser’s attorney’s job to see that this has been done) Write “n/a” in line 9(b).
11. Risk of Loss: Do not wait until the last minute to conduct your final walk through with the purchaser. It there is a problem, it takes time to correct it.
12. Wood Infestation Inspection and Report: Many times the REO company will not pay for a pest inspection. You can still ask as a part of the offer, they will counter back if they will not. In the line for additional structures, write “none.” If it has a garage or other large building that the appraiser will give a value to, you can write that in. Do not write in storage building or any other small structures of little or no value. If you leave the contract with the seller paying up to $1000 for treatment, the seller will deduct that amount from their net, and lower the total value of your purchaser’s offer. If the purchaser decides to provide their own pest inspection, the REO company often considers it a part of the Home Purchaser’s Inspection. It should be conducted within 10 calendar days of offer acceptance.
13.Title: Title will be by Special Warranty Deed. It is possible that the Mortgage Insurance Company may elect to take possession of the property. This is a very rare occurrence. If it does happen, the contract will become null and void, and the earnest money will be returned to the purchaser. Like any other property, REO’s do occasionally have title issues. And like always, the purchaser’s attorney, not the seller, researches the title.
14. Equipment Condition and Inspection: Neither the seller nor HOME REALTY has any information as to the actual condition of the property. Purchasers are encouraged and welcome to make any and all inspections needed to evaluate the property. Seller will not make any repairs. See below for Home Purchaser’s Inspection instructions. We do not know how old the roof is, did the basement ever leak, or how much the electric bill runs. A REO is a foreclosure. The current owner (bank or mortgage company) has never seen it. They have seen my report and several pictures, plus the appraiser’s report and pictures. Neither of us are home inspectors. We probably did miss something. Do not submit a list of repairs and upgrades the property needs with a low offer. Asset Mangers hate that just has much as owner sellers do. The offer will be rejected.
15. Well and Septic: Many times the REO company will not pay for a septic inspection or water test. You can still ask as a part of the offer, they will counter back if they will not. If your purchaser is willing to pay for the water test and septic inspection, type it in Paragraph 29. If the purchaser decides to provide their own water test &/or septic inspection, the REO company often considers it a part of the Home Purchaser’s Inspection. It should be conducted within 10 calendar days of offer acceptance.
16. Seller’s And Purchaser’s Option: Seller will not make any repairs. I strongly recommend you write “zero” here.
17: Home Purchaser’s Inspection: Most REO’s will allow a home inspection. Time permitting, it is strongly recommended that the purchaser conduct this inspection prior to making the offer, then wave it on the purchase contract. If a home inspection is included, do not ask for more than 10 calendars days total to conduct it and get back to the seller in writing if the results are unsatisfactory. If a property has been winterized, the purchaser is responsible for the cost of rewinterizing it after an inspection.
20. Virginia Condominium Act: Do not leave blank. Mark “is” or “is not.” If property is subject to Virginia Condominium Act, highly recommend you request the resale certificate prior to making an offer, and state in Paragraph 29 the resale certificate is satisfactory. When available, resale certificate will be available for download at bottom of these instructions. Resale certificates available for download will not be faxed.
21. Property Owner’s Association Disclosure: Do not leave blank. Mark “is” or “is not.” If property is subject to Virginia Property Owners’ Act, highly recommend you request the association disclosure packet prior to making an offer, and state it Paragraph 29 the association disclosure packet is satisfactory. When available, the association disclosure packet will be available for download at bottom of these instructions. Association disclosure packets available for download will not be faxed.
22. Lead-Based Paint Inspection: Lead based paint disclosures for homes built prior to 1978 are required. Sometimes the REO company provides their version, sometimes I provide Virginia Association of REALTORS lead based paint disclosure form for them. In either case, be sure you and the purchaser initial and sign in all required areas. Offers with incomplete or incorrect forms will not be submitted. When available, Lead Based Paint Disclosure will be available for download at the bottom of these instructions. Lead Based Paint Disclosures available by download will not be faxed.
24. Notice of Disclaimer or Disclosure Pursuant to Virginia Residential Property Disclosure Act: Foreclosed properties are exempt from the Virginia Residential Property Disclosure Act. Mark disclosure “is not” attached.
29. Other Terms: Type in “See Attached Seller’s Addendum of Purchase Contract”. If it is a Fannie Mae REO, see wording Fannie Mae requires in Paragraph 29 under the property's address below. Type in any other terms, such as suggested in Paragraphs 12, 15, 20 and 21 above, or any other items that the purchaser feels a need to address.
30. Acceptance: Allow at least 5 business days for a response. Often I have a reply sooner, sometimes it takes longer. If there are multiple offers, your purchasers may be asked to sign a Multiple Offer Addendum. These tell all purchasers that there are completing offers, and usually ask for the purchaser’s highest and best offer. The seller may still reject any and all offers.
Receipt of deposit per paragraph 4 above is hereby acknowledged. I will sign for receipt of deposit if properly received. I will not provide any other form of receipt. If your purchaser wants one, you must provide it.
Listing Company’s Name and Address
HOME REALTY 149 West 22nd Street Buena Vista, VA 24416 Office Phone: 540-261-3302 Fax: 540-261-2430 Agent Name: Dennis Hawes Agent E-mail Address: dennis@rockbridge.net Cellular phone # 540-461-5263
Selling Company’s Name and Address: Fill out completely has shown above for Listing Company.
Seller’s Addendum to Purchase Contract and Other Forms
Each REO Company or Bank has it own Addendum to Purchase Contract. While they are all different for each company, they all have several common themes that I will address below. Since they are all different, I can not provide paragraph per paragraph instructions as I do for the purchase contract. Most you will be able to complete on your computer after downloading. Some you can not, and you need to print and handwrite the information. Make sure it is legible. Neither I not the Asset manger will spend time trying to read your handwriting. The offer will be rejected.
Addendum Applies: If any language in the purchase contract and the addendum are in conflict, the addendum language always prevails.
As Is: All Sellers’ Addendums will state, often taking several paragraphs to do so, that the property is being sold as is. The seller will not make repairs before or after the closing.
Possession: Purchaser can not move in prior to closing. Purchaser can not make any repairs prior to closing. Purchaser can not “move just a few things in” prior to closing. Please don’t ask.
Per Diem Penalty: Seller will require purchaser to pay a penalty of $100 per day if the closing is delayed due to no fault of the sellers. This includes the lender not having the loan ready, and the attorney not being prepared. Often this is already included in the addendum. Sometimes a blank space is provided to write it in. In the space provided, write in $100. Anything less, and the offer will be rejected, countered, or another offer accepted.
Contract Can Not Be Assigned: This includes changing the purchaser’s name to their LLC. It will not be allowed. Make sure the offer is made in the name the purchasers wishes to take title in.
Title: Title will be by Special Warranty Deed. This is the highest and best form of title that can be offered for a foreclosed property. It is possible that the Mortgage Insurance Company may elect to take possession of the property. This is a very rare occurrence. If it does happen, the contract will become null and void, and the earnest money will be returned to the purchaser. Like any other property, REO’s do occasionally have title issues. The addendum will often state that if the seller can not provide title, the contract will become null and void, with the earnest money deposit returned to the purchaser. Like always, the purchaser’s attorney, not the seller, researches the title.
Lender Information: Many Sellers’ Addendums ask for the name of the lender, loan officer or contact person, address, phone and fax numbers, email address. Be sure all this information is filled out completely. Asset Mangers will not take the time from their busy schedule to call you or me and ask how to contact the lender. The offer will be rejected.
Attorney Information: Many Sellers’ Addendums ask for the name of the attorney, (or closing company) contact person, address, phone and fax numbers, email address. Be sure all this information is filled out completely. Asset Mangers will not take the time from their busy schedule to call you or me and ask how to contact the attorney. The offer will be rejected.
Purchaser Information: Some Sellers’ Addendums ask for the name of the purchaser's), address, phone and fax numbers, email address. Be sure all this information is filled out completely. (write “n/a” if no fax number or email address) This information is forwarded to the REO company’s closer. Asset Mangers will not take the time from their busy schedule to call you or me and ask how to contact the purchaser's). The offer will be rejected.
RE-KEY: Many REO proprieties have been re-keyed to a master key system. It is highly recommended that the purchaser re-key the property immediately after closing. If I had the property re-keyed, and it was not to a master key system, I will advise you of that, and the purchaser can decide if they want to re-key or not.
What To Do If This Is Too Much Work to Ask For a Property in This Price Range You’re right. It is a lot of work, new forms to read, hoops to jump through. If you are too busy, download and fill out the buyer referral agreement below. Send it to me, and for five minutes work, I will pay a 25% of the selling side referral fee to your real estate agency for any pre-qualified buyers you send for my REO or HUD Owned Properties that close on the property. All referral fees will be included on The HUD Statement at closing. On the signature page, please print your company name, address, and phone number, as well as your name and phone number. This will ensure the closing company/attorney has the correct information to mail a check at closing. NO Real Estate Commission Paid for Agent Buyers In some cases, REO's will not pay a Buyer's Side Commission if a licensed real estate agent is the buyer, a close relation to the buyer, a member of a LLC buyer, or a stockholder in a Corporation buyer. Buyer Agents need to ask prior to making an offer if there will be a Buyer's Side Commission if they are in any way associated with the Buyer other than acting as a Buyer Agent.
Sellers’ Addendums and Other Required Forms
303 Summit Street, Lexington, VA 24450 (Lexington City) COMING SOON!!
24 Cloverleaf Lane, Lexington, VA 24450 COMING SOON!! Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum.
306 Massie Street, Lexington, VA 24450 (Lexington City) The Seller requires any Buyer requiring financing to complete a Pre-Approval loan application with Nationstar Mortgage. Call 1-888-820-0168 for Pre-Approval, Information on loan products and other related questions. "The Buyer is not required to finance the Purchase with Nationstar Mortgage. ***** This property qualifies for Citi's new Unemployment Payment Protection, please be sure to include "Seller to provide Unemployment Payment Protection to the buyer at no additional cost. Some restrictions may apply. Property must be closed by April 30, 2010"*******
168 West 28th Street, Buena Vista, VA 24416 Earnest Money Deposit required is a minimum of $1,000, Cashiers or Certified Check Only. Broker Fee will be paid on the Net Sales Price after any closing costs, allowances, credits or other costs paid by the seller for the buyer are deducted form the purchase price. Addendum to Real Estate Purchase Contract Lead-Based Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint.
507 Poplar Hill Road, Lexington, VA 24450 Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum.
634 Catawba Street, Glasgow, VA 24555 Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 728972 Sales Contract Transmittal Form Property Condition Addendum and Release Addendum to Contract of Sale Enter $100 per diem in Paragraph 4. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract. One of the next two forms must accompany offer. Investor buyer are not eligible for the Home Warranty. For investor buyers, select second form, have buyer sign, and mark "Investor Buyer" at the bottom of the form.
125 South Woodland Avenue, Buena Vista, VA 24416 Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time. Protective Covenants pages 565-589 Protective Covenants pages 590-608
49 Shady Lane, Raphine, VA 24472 (Rockbridge County) Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 693708 Sales Contract Transmittal Form Pest Inspection (Seller has ordered pest inspection but it has been delayed to snow and holidays. Inspection will be posted here when completed) Lead Paint Disclosure Compliance Checklist Lead-Based Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Property Condition Addendum and Release Addendum to Contract of Sale Enter $100 per diem in Paragraph 4. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract. Pest Inspection and Proposed Treatment (note treatment has not been done)
75 Stoneview Circle, Lexington, VA 24450 UNDER CONTRACT Earnest Money Deposit required is a minimum of 3% of the purchase price. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller. All buyers requiring financing must pre-qualify with Prospect Mortgage, LLC, 1600 North Coalter Street, Suite 15, Staunton, VA 24401. Phone 800-669-2300. Buyer can use any lender they chose, but must pre-qualify with Prospect Mortgage LLC or seller will not consider their offer. Plat (Lot 6) New River Water Company (Water Company Information)
41 Track Lane, Raphine, VA 24472 (Augusta County) UNDER CONTRACT Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 702224 Sales Contract Transmittal Form Property Condition Addendum and Release Addendum to Contract of Sale Enter $100 per diem in Paragraph 4. Data Plate Information Data Plate Photo Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
75 Stoneview Circle, Lexington, VA 24450 UNDER CONTRACT Earnest Money Deposit required is a minimum of 3% of the purchase price. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller. All buyers requiring financing must pre-qualify with Prospect Mortgage, LLC, 1600 North Coalter Street, Suite 15, Staunton, VA 24401. Phone 800-669-2300. Buyer can use any lender they chose, but must pre-qualify with Prospect Mortgage LLC or seller will not consider their offer. Plat (Lot 6) New River Water Company (Water Company Information)
20 Link Road Lexington, VA. 24450 (Lexington City) UNDER CONTRACT Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 693580 Sales Contract Transmittal Form Property Condition Addendum and Release Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
619 Collierstown Road, Lexington, VA 24450 UNDER CONTRACT Download all forms below and fill out completely. Asset Number is 663702 Water Test and Septic Inspection Septic Repairs have been Completed Termite Inspection Report Recommended Treatment has been completed and home is under warranty. Sales Contract Transmittal Form Property Condition Addendum and Release Addendum to Contract of Sale Write in $100 in blank in Paragraph 4 at Seller to pay a per diem of $_____. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted
714 Old Farm Road, Lexington, VA 24450 UNDER CONTRACT Download all forms below and fill out completely. Asset Number is 675613 Sales Contract Transmittal Form Property Condition Addendum and Release Lead Paint Disclosure Compliance Checklist Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
225 Campfire Lane, Glasgow, VA 24555 OFF MARKET Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum.
5717 Forge Road, Glasgow, VA 24555 SOLD Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 693493 Sales Contract Transmittal Form Pest Inspection (was treated for termites at pier form boards for prior sale in 2006) Property Condition Addendum and Release Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
1135 Woodland Avenue, Buena Vista, VA 24416 SOLD Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 659299 Sales Contract Transmittal Form Property Condition Addendum and Release Lead Paint Disclosure Compliance Checklist Lead-Based Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
704 McCorkle Drive, Lexington, VA. 24450 (Lexington City) SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time.
6 Cardinal Circle, Fairfield VA 24435 SOLD Plat (see Lot 5) Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 683299 Sales Contract Transmittal Form Property Condition Addendum and Release Pest Report Seller has authorized treatment at seller expense. Lead Paint Disclosure Compliance Checklist Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
197 Peery Hollow Road, Hot Springs, VA 24445 SOLD Earnest Money Deposit required is a minimum of $1,000. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller. A Lead Based Disclosure will be provided with the Seller Addendums. Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint.
341 East 17th Street, Buena Vista, VA 24416 SOLD Earnest Money Deposit required is a minimum of $1,000. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller. This property needs extensive repair. Priced below lot value for quick sale. Seller expecting cash sale. Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint.
805 South Main Street, Lexington, VA, 24450 SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time. Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint.
174 and 176 East 40th Street, Buena Vista, VA 24416 SOLD Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 651688 Sales Contract Transmittal Form Property Condition Addendum and Release This Form Covers Both 174 and 176 East 40th Street Lead Paint Disclosure Compliance Checklist Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. This Form Covers Both 174 and 176 East 40th Street Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
1615 Maple Avenue, Buena Vista, VA 24416 SOLD Minimum Earnest Money Deposit Required is $1,000. Download all forms below and fill out completely. Asset Number is 675450 Sales Contract Transmittal Form Property Condition Addendum and Release Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
55 Rolling Ridge Lane, Lexington, VA 24450 SOLD Plat (see Lots F and G) Earnest Money Deposit required is a minimum of $1,000. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller.
5573 North Lee Highway, Fairfield, VA 24435 SOLD Earnest Money Deposit required is a minimum of 3% of the Purchase Price or 10% if a Cash Offer. Pre-Approval (not Pre-Qualify) Letter Required. 30 Day Closing, 2 Week Closing for Cash Sale. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Download all forms below and fill out completely. Multiple Offers Notification Only required if there are Multiple Offers. Listing agent will complete and fax to you if needed. Once all negotiations are complete, prepare a new sales contract and Fannie Mae Purchase Addendum that is legible and reflects the final negotiated terms. Fannie Mae will not execute counter offer forms. Final original documents must be delivered to HOME REALTY's Buena Vista office by the following business day no later than 4 PM
1120 Sycamore Valley Drive, Lexington, VA 24450 SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time. Lead Paint Disclosure This home was built in 2000. However, this seller requires a lead based paint disclosure with all offers regardless of the age of the home.
167 Morel Lane, Rockbridge Baths, VA 24473 SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time. Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint.
1118 Purgatory Mountain Road, Buchanan, VA 24066 (Botetourt County) SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Purchase Addendum Draw line through wording in Paragraph 2(c) in order to delete it. Fannie Mae is not requiring the per diem late closing fee at this time. Manufactured Home Information Sheet Provided for buyer and appraiser information only. No signature needed.
222 East 37th Street, Buena Vista, VA 24416 SOLD Earnest Money Deposit required is a minimum of $1,000. Seller generates purchase addendum after offer is accepted. We have 3 days after they send addendum by email to return to seller.
1759 Chestnut Avenue, Buena Vista, VA 24416 SOLD Earnest Money Deposit required is a minimum of $1,000, 10% Earnest Money Deposit for all cash offers. Under "Other Terms", Paragraph 29 of VAR Contract of Purchase, the following wording must be included; See attached Real Estate Purchase Addendum. Pursuant to Paragraph 28 of the Real Estate Purchase Addendum this document is subject to all terms and conditions set forth in the Real Estate Purchase Addendum. Download all forms below and fill out completely. Lot 15 Survey and Boundary Agreement Property encroaches onto Lot 15. Download Survey and Boundary Agreement and have buyer sign. Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Multiple Offers Notification Only required if there are Multiple Offers. Listing agent will complete and fax to you if needed. Once all negotiations are complete, prepare a new sales contract and Fannie Mae Purchase Addendum that is legible and reflects the final negotiated terms. Fannie Mae will not execute counter offer forms. Final original documents must be delivered to HOME REALTY's Buena Vista office by the following business day no later than 4 PM.
809 McCorkle Drive, Lexington, VA 24450 (Lexington City) SOLD Download all forms below and fill out completely. Asset Number is; 653857 Sales Contract Transmittal Form Property Condition Addendum and Release Lead Paint Disclosure Compliance Checklist Lead Paint Disclosure Seller has no knowledge of lead based paint. Seller has not had property checked for lead based paint. Commission Authorization This form must be printed on legal size 8 1/2 x 14 inch paper. Multiple Offer Procedure Form Will be faxed to you if needed. Amendment Real Estate Purchase Contract This form is used only if there is a change to an accepted contract.
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