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Time is of the essence in a real estate transaction.  We recommend that you read and get familiarized with the contract documents beforehand so you'll be ready to execute when there's a meeting of the minds (acceptance of offer).

A Short Sale Offer from the Buyer through the Buyer's Real Estate Agent (Selling Firm) usually contains the following items (a Regular Sale will not have items 3 and 4):

  1. Agency Disclosure (click here)
  2. Purchase Agreement (click here)
  3. Short Sale Addendum (click here)
  4. Short Sale Information and Advisory (click here)
  5. Buyer's Inspection Advisory (click here)
  6. Statewide Buyer and Seller advisory (click here)
  7. Loan Pre-approval Letter:  from a direct lender (Wellsfargo, Bank of America, Citibank, etc.) or a loan broker
  8. Copy of deposit check (Earnest Money Deposit): up to 3% of Purchase Price
  9. Proof of Funds:  shows where you get your money for the down payment and closing costs.

An Agreement between the Sellers and their Real Estate Agent (Listing Firm) usually contains the following items:

  1. Agency Disclosure (click here)
  2. Listing Agreement (click here)
  3. Seller's Advisory (click here)
  4. Short Sale Information and Advisory (if short sale condition) - (click here)

The following are some legal forms from the California Association of Realtors (C.A.R.) for reference purposes:

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