Lincoln Blvd condo showing.
August 11,2022 | Posted By Flavia Brown in Real Estate
Showing instructions:
Option 1 -- Make an appointment to see the inside of the condo. Buyer will need to provide pre-approval letter and proof of sufficient funds (P0F) for down payment and closing costs. If all-cash, buyer will need POF to cover the offered amount and closing costs. Please give 24-hour notice. Earnest money deposit (EMD) is also required.
Option 2 (recommended because you won’t need any upfront money until after your offer is accepted) – See the condo after your offer is accepted. Here’s how it works: After reviewing the details and photos, and seeing the vacant condo through two windows, if you like the condo and location, make an offer, which will be contingent upon you accepting the physical condition of the condo (you will have 17 calendar days to investigate the property and decide whether or not you want the property). You won’t need a pre-approval letter, POF, or earnest money deposit (EMD) until after your offer is accepted and ratified. Also, you won’t need any down payment until two days before close of escrow (COE). Note: When visiting the vacant and locked condo, usually the building entrance door is unlocked. Once inside go to the left on the ground floor to unit 1A and peer through the windows to see part of the condo. If you like the condo well enough to make an offer, I will compose and present an offer on your behalf. (for first-time buyers: My service won’t cost you anything because the seller will pay my broker fee). You will have 17 days to investigate the property, which includes a property inspection, reviewing the seller’s disclosures and all HOA documents. After the investigation you will either remove all buyer contingencies and proceed toward close of escrow, or negotiate with the seller over who will be responsible for any needed repairs, or cancel the Contract and get your entire EMD back. The first thing a buyer should do after the offer is accepted is order a property inspection (approx. $350-375). Other than the inspection cost, the other upfront buyer’s cost is the appraisal (required by the lender and approx. $450-500). Note: Your questions are always welcome.
Flavia Brown, Realtor
310-702-6335
homesbyflavia@gmail.com
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