Sample written offer (blank)
This is the format of the written offer you receive after our walkthrough. It is blank on purpose: it is not an offer and shows no numbers.
Get my cash offer or call (718) 701-2729
Property and buyer
| Property address and unit | |
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| Buyer named in the contract (Jorge Vasquez or a company he owns or is a member of) | |
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| Date of walkthrough, and anything we could not inspect | |
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How the offer is built
| Estimated value after repairs, with the recent nearby sales used | $ |
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| Minus repairs, item by item (roof, plumbing, electrical, and so on) | $ |
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| Minus our costs to buy, hold and resell | $ |
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| Minus our margin | $ |
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| Our cash offer | $ |
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What you pay out of the price at closing
| Mortgage payoff, liens and open charges (estimate) | $ |
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| Transfer taxes: New York State, plus New York City's or local | $ |
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| Co-op flip tax or transfer fee, if any | $ |
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| Your own attorney (your estimate) | $ |
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| Estimated amount to you | $ |
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What we pay
| Our attorney, title insurance and our recording fees. No agent commission on either side. | Paid by us |
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Terms
| Closing date (you choose) | |
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| Deposit, held in escrow by your attorney (if Real Property Law 265-a applies, nothing is paid out before your cancellation period ends) | $ |
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| Financing contingency | None |
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| Tenants, back rent, Housing Court cases, violations (if any): how the contract handles them | |
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| Proof of funds | On request, before you sign |
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| Assignment | Not assignable to anyone else |
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| Price basis: everything you disclosed, and everything visible at the walkthrough on the date above, is included. The price changes only for a serious problem that was not visible and not disclosed, explained in writing. | |
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| Tenant security deposits (turned over to the buyer at closing, as New York law requires) | $ |
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| Rent for the month of closing (split by date) | $ |
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| This offer is good until | |
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An offer is an estimate until a written contract is signed by both parties. If your home is in foreclosure or default, or on a tax or utility lien sale list, you have the right to cancel the contract until midnight of the fourteenth business day after signing (Real Property Law 265-a). Our offer will usually be below what the home could bring on the open market. Hire your own attorney.
Get my cash offer or call (718) 701-2729
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