Draft Offer

During: Buying Process Overview: Writing Offer: Draft Offer

Draft Offer is all about your real estate agent preparing a first draft of the contract to buy the property. It is the fourth step in the Writing Offer process.

writing-offer-draft-offer

The Draft Offer process is shown below.

REAL ESTATE BROKER: Drafts offer and sends you copy

Once your Real Estate Broker has all the information they need to write the offer for you, your Real Estate Broker will write a draft of your offer and send you a copy via PDF.

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Save copy of draft offer to Dropbox

Once you receive the draft of the offer from your Real Estate Broker as a PDF save a copy of it to your Dropbox folder for this property.

Use the file naming convention:

"YYYY-MM-DD - 1234 Main St - Contract to Buy and Sell Real Estate.pdf"

You will overwrite it when you get the final, fully executed signed copy.

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Review draft of offer

Once you receive the draft of the offer from your Real Estate Broker as a PDF review it, highlighting any sections you have a question about and writing your questions in the margins.

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Ask your Real Estate Broker your questions about draft offer

After you've reviewed the offer, highlighted sections you have questions about and wrote down your questions in the margins ask your Real Estate Broker the questions you have and have them explain it to you.

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Ask your Contract and Paperwork Attorney your questions about draft offer

Some clients will opt to call their Contract and Paperwork Attorney to ask questions they have about the draft of the "Contract to Buy and Sell Real Estate".

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Ask your CPA your questions about draft offer

Some clients will opt to call their CPA to ask questions they have about the draft of the "Contract to Buy and Sell Real Estate".

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Ask your Property Manager your questions about draft offer

Some clients will opt to call their Property Manager to ask questions they have about the draft of the "Contract to Buy and Sell Real Estate".

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Ask your Insurance Agent your questions about draft offer

Some clients will opt to call their Insurance Agent to ask questions they have about the draft of the "Contract to Buy and Sell Real Estate".

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Approve draft with Real Estate Broker

Once you have all your questions answered and you feel comfortable with the draft offer, approve the draft with your Real Estate Broker.

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  1. Draft offer – your real estate agent will draft a contract to buy the property and send it over to you.

Once your real estate agent has created a Draft Offer, you can Review Offer.

IMPORTANT NOTE: This checklist is based on what I personally use with clients in Northern Colorado. Please rely on your local real estate agent for how it works in your local real estate market. This process will definitely vary in different States.

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