OfflineI am going to let everyone see one of my bids on a property and the response to it. I'll copy and paste everything here because I want(need) to know where to go from here with it. Should I proceed with the closing and immediately afterwards put a "For Sale" sign in the front yard? Here it all is from start, to almost finish:
Buyer/Interested Party:
Bryan Slade
111 Bridge St
New Cumberland , PA 17070
Edwin Tichenor
Keller Williams-East Shore Branch
530 N Lockwillow Ave
Harrisburg , PA 17110
Let this letter act as the intent to purchase 114 Center St , mls# 10171882. The reason for this letter is to allow for an expeditious offer to purchase the aforementioned property at $83,940.00, without the future consideration of a counteroffer. In the event that the following terms and conditions are acceptable to you it shall be rendered to a Standard PA State A/S-R Contract.
Please note that the intent to purchase is based upon the following contingencies, and it is in no way a legal, binding document:
· contingent upon; a home inspection to the buyer's satisfaction
· contingent upon; a clear title
· contingent upon; subject to approval of buyer's partner
If the following contingencies are acceptable please contact Edwin Tichenor directly. If they are unacceptable, I apologize for the inconvenience yet appreciate both your time and consideration concerning the matter.
Regards,
Edwin Tichenor
Keller Williams-East Shore Branch
Now for the response:
Hello Ed,
Thank You for your email message indicating your Intent to Purchase our Listing at 114 Center Street , Enola , PA.
Due to the amount offered, we would be happy to submit a bid for a Short Sale with the Sellers’ Lender. In order to do so, we will need to draft a Sales Agreement and have both Buyer and Seller sign.
If you would like to do so, please let me know whether you would like me to draft that Document, or if you would prefer to do so.
Thank You for the Opportunity to Work Together!
Dale
Bryant Slade
Edwin's the agent that I work with. I am intending to assign the property that I can lock under contract. Really I guess I'm just testing out the waters to find out exactly what's going to work for me. This Short Sales that I'm currently involved in, I was intending to buy and sell, but now I'm just getting confused about the whole process of doing this stuff without real guidance. As far as an exit strategy, I was assuming that one of my contingencies would work if i choose to back out of this deal. But to sum up everything in a nutshell, I really just want to buy and sell without using my own money(of which I have none).
Bryant Slade