Can you make a contingent offer on a short sale?

If you are interested in a home that is listed as a contingent short sale, you can still view the home and make an offer. However, your offer will usually be put in a "back up" position and will only be considered by the bank if the first buyers decide to terminate their contract.

US Legal Forms
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Legal Letters
Multi-State
Sample Letter for Offer by Client to Sell Property

Offer To Sell Sample With Price In California

State:

Multi-State

Category:

Letters - Legal - Property

Control #:

US-0028LTR

Format:

59 downloads

Description

The Offer to Sell Sample with Price in California serves as a model letter for property owners to formally communicate the sale of their property to a potential buyer, in this case, a city government. This template provides a clear structure for sellers to outline their intent to sell, specify the asking price, and offer the opportunity for negotiation before publicly listing the property. Key features include the ability to include necessary property details, the asking price, and a timeline for response from the interested party. It is particularly useful for legal professionals, including attorneys and paralegals, who may need to adapt the letter according to specific client scenarios. Additionally, partners and associates in real estate or municipal law can leverage this form to facilitate the sale process. Filling out the letter requires the user to insert relevant dates, client details, and property information, ensuring clarity in communication. The form supports a professional interaction that could lead to swift negotiations, making it a valuable asset for those in legal or business roles involving property transactions.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

If you are interested in a home that is listed as a contingent short sale, you can still view the home and make an offer. However, your offer will usually be put in a "back up" position and will only be considered by the bank if the first buyers decide to terminate their contract.

You can always offer 20-50% under asking.

To submit an offer on a FSBO home, you can write up a generic sales contract, go through an attorney, or hire a real estate agent. Generic sales contracts may not contain specific language for your state, and may not have enough protections for you (or the seller).