Offer submission instructions
All offers must be written AS-IS, either a proof of funds or pre approval letter must be included for the offer to be submitted. Each pre approval must also have a credit check, income verification, employment verification and contact information for the loan representative. NO PRE APPROVAL CERTIFICATS WILL BE ACCEPTED it must be an actual pre approval whereby the lender has verified the aforementioned items.
Please specify on the offer if it is cash, conventional, or FHA. Specify your down payment amount in the offer along with your escrow deposit amount, checks should be written to the title company specified on the listing. If the title company is not apparent on the listing you may put “upon acceptance” on the escrow line and write the deposit check once the offer is accepted and you have been provided the name of the sellers title.
Find out if there are any offers on property you or your client is interested in on our Listing Status page.
You can submit offers online here, via email to offers@g-sig.com or via fax to 561-948-8389, no attention is necessary. Any offer received that includes all of the aforementioned requirements are submitted throughout the day, if we receive them late in the day they will be submitted sometime the following business day. If we have an email address of the selling agent for the offer we receive we will do our best to send you an email notification.
You receive a response to your offer when we receive it from our seller, this can take up to two weeks or as little as one hour (about three days average). Please be patient and set the right expectations with your buyer as we do not have control over the timing of the bank. Owner occupant listings; we will try and get you a responce no later than three business days. If you would like to follow up on an offer please wait at least two days from the date it was submitted.
If the seller agrees to the terms of an offer they will freeze offer submission. We will contact you via phone and email no later than the following business day. We will provide you with a seller addendum that includes the basic terms described in the offer; this must be signed by the buyer and returned to the seller within 48 hrs for the contract to be executed and the listing status to be changed to pending.
If the seller does not have buyer signed addendum's within 48 hrs the seller will kill the deal, unfreeze offer submission and put the property back on the market.
Seller addendum's will be provided only after the seller has accepted the terms, the addendums are NON NEGOTIABLE. No alterations to addendum's (i.e. cross outs or additions) will be accepted. If the buyer refuses to sign the addendum's the seller will not execute the offer, there will be no contract and no sale.
Most of our sellers do not allow an inspection period so please have all inspections done in the 48 hrs prior to signing the seller addendum's.
If seller receives multiple offers they will respond with a counter asking for buyer’s "highest and best". "Highest and best" means exactly what it sounds like, it is the best offer and terms your buyer is willing to pay for the subject property. Once a highest and best is asked for the seller will accept one of the multiple offers and reject the rest, nine times out of ten no counter terms or price will be given. We cannot disclose any information to anyone but our seller regarding offers on the table, so please don't ask.
Once a highest and best counter has been given we will need a response by 5pm the next business day, if we do not receive a response we will assume the most recent offer given is the highest and best and enter it as such.
At closing seller will deliver a special warranty deed with title insurance, and will insure the buyer under the policy at no additional cost. Seller will pays for and uses their title company regardless of county.
