Required Documents for Making an Offer to Buy Property in California
Real Estate from A to Z
by Aaron Zapata, MBA
Many of my clients come from outside of California and many are first-time buyers. I wrote this blog post to provide some basic information about what documents are required when making an offer on a home here in California.
The following items are required when making an offer:
- Agency Disclosure
- Residential Purchase Contract
- Buyer’s Inspection Advisory
- Copy of Buyer’s Good Faith Deposit Check
- Proof of Funds (Bank Statements) for Entire Deposit
- Pre-Approval Letter
- Copy of FICO Credit Scores (this item may be optional)
- REO Addendum (when making an offer on a bank repo)
- Short Sale Addendum (when making an offer on a short sale)
When you submit your offer with these items, it shows that the buyer is serious and qualified. The listing agent will review the documents with his client, the seller. Social Security numbers or Bank Account numbers are NOT required when submitting an offer and should be concealed to protect the buyer’s privacy. It is not customary for the buyer and seller to meet in person to present offers and in many cases, is simply done via email or fax.
If you have questions about buying and selling here in Southern California, feel free to give me a call at (800) 573-1520.