REO OFFER GUIDELINES AND ADDENDUM INSTRUCTIONS
PLEASE REVIEW OFFER GUIDELINES AND ADDENDUM INSTRUCTIONS CAREFULLY. Once offer guidelines and addendum instructions are reviewed, click the link at the bottom of the page to be directed to TazaHomes, where you will input details of your offer and upload the required documents as PDF files.
TazaHomes.com is a free service that provides a more user-friendly approach to entering/negotiating and managing offers. Incomplete offers can be saved and edited anytime and once submitted no changes can be made. If you never registered in TazaHomes, then registration will be required in order to submit an offer. Please be advised that you can submit an offer through this site only on selected properties. Some banks require submission of an offer directly through their designated portal. Please review agent remarks of the MLS listing and submit offer through appropriate website.
How To Register in TazaHomes
Go to http://tazahomes.com/
Click on SIGNUP FREE to directly enter register page
Enter information
Leave Referral Information blank
Check Terms and Conditions
Click on Register as an Agent
General Tab: All fields marked with * are mandatory
Agent/Broker Details Tab: Agents should enter their license number as well as their Broker’s license number for commissions and invoices
Skip Documents Tab
Click on Save
How To Register in TazaHomes Video
How To Submit an Offer in TazaHomes
Important details to prepare:
Please check required documents (if available).
For Financed Offers - Please be advised Lender Information is a requirement. Please add on Contacts Tab by clicking on Create New Contact.
Buyer’s Attorney to be added on the Contacts Tab as well.
Include inspection days on Offer Notes
Go to TazaHomes.com
Click on Submit Offers
Type in property address
Click on Search
Click on Submit Offer
Click on Listing Docs to check required documents
Click on Submit Offer
Click on Next
Enter Buyer's Name
Enter Offer Price then Click on Next
Buyer Information:
Make sure to use buyer(s) legal full names, including middle initials if applicable. Spell names correctly and enter them in the correct fields (first name, initial and last name). If there are more than three buyers, enter all additional buyers’ information in the notes section below making sure to use their legal names and that spelling is correct as well.
Even though there are fields buyer’s phone number and email, if you don’t feel comfortable providing this information you can enter your own.
Expiration Date - Set a week or two from offer submission date
Earnest Money - Down at Contract should not be 0
Additional Deposit - Cash at Closing
Please add Inspection Days on Offer Notes
Other section is self-explanatory
Click on Next
Enter Concessions if Applicable:
Concession Type click on the drop down and select. (If you are asking for seller’s concession, concession amount must be included in the total offer amount.)
Enter amount
Enter notes if needed
Click on Add Concession then Click on Next
Contingencies (if applicable)
Contingency Type click on the drop down and select
Enter notes if needed
Click on Add Contingency then Click on Next
Contacts - Input Lender Information for Financed Offers and Buyer’s Attorney Information.
To enter contact information click on Create New Contact
Enter Buyer’s Attorney Information then click on Save
Create New Contact for Lender Information (If Applicable) Same process then Save
Once all contacts are added click on Next to proceed to Documents Tab
Documents - Please upload documents separately.
Documents - needed to be uploaded with offer: Please note deposit check is proof of down payment and not an actual check.
*Important: *Personal information such as Bank Account Number, Social Security Number, and other additional personal information should be crossed out.
Documents needed for Financed Offers:
Purchase Offer
Pre-approval/Pre-qualification Letter
Proof of Down Payment funds
Documents needed for Cash Offers:
Purchase Offer
Proof of Funds
Earnest Money Check - (Proof of Down Payment, not a check)
Select the document you need to upload from your Computer
Click on the drop down to select Document Type
Click on Upload
Once all documents are uploaded click on Next
Submit Offer - Please make sure all data is accurate, you will not be able to make changes once an offer is submitted
Click on Submit
Click on OK -
Agents will then receive an offer confirmation via email
Click on Offers I submitted to check incomplete/submitted offers.
On your email confirmation, you may view your offer directly on TazaHomes.com by clicking Click Here beside View Offer Detail
Submitting an Offer in TazaHomes Video
Submitting Counter Offer in TazaHomes
You will receive an email from TazaHomes that your offer has been countered
You can either review counter offer via email or go directly to TazaHomes.com from your email by clicking “Click Here” beside View Offer Detail
Please take note of the changes that has been made for changes won’t be highlighted
Carefully review changes that were made on the offer and Scroll Down to view Concessions/Contingencies when applicable.
To counter Seller’s Counter Offer click on My Dashboard
Click Offers I Submitted
Check property address
Check offer by Seller
Click on Action
Select Counter
Enter counter offer amount then Click on Next
Enter changes
Click on Save
Click on Next
Go through each tab if there are changes to be made
Once on Submit Tab click on Submit Offer located below
Submitting Counter Offer in TazaHomes Video
Submitting Highest and Best Offer
Agents will be notified via email regarding Highest and Best offers
Keep in mind due date for deadline of submission and documents that need to be included with the offer
Go to TazaHomes.com
Click on Offers I submitted
Click on Action
Select Duplicate (NOT COUNTER) - No counter was given by Seller so there is no amount to counter back
Enter Highest and Best
Enter changes on each tab if applicable
Upload documents on the Documents Tab (Multiple Offer Disclosure form is a must)
Select document from your computer
Click on the drop down to select Document Type
Click Upload
Click Next
Review Highest and Best Offer
Click Submit Offer
Once Submitted you will get an email notification that Highest and Best has been sent
Submitting Highest and Best Offer in TazaHomes Video
Accepting Offer in TazaHomes
Agent will receive a counter offer notification via email. Once Buyer agrees to all terms you can either click on the Click Here option on your email or go to TazaHomes.com to accept
Go to Agent Dashboard
Click on Offers I Submitted
Click on Action
Select Accept
Click on OK to confirm
Accepting Offer in TazaHomes Video
IMPORTANT ADDITIONAL INFORMATION:
It is the responsibility of the buyer and buyer's agent to verify all information provided pertaining to the property.
The Contract of Sale is for real property. Any personal property found in the structure or on the parcel is not guaranteed by the seller and should not be included in the contract. Remember, this is an “AS-IS” sale.
Response times to your offers will vary depending on our client. Wait times can be as little as one day and as long as two weeks. Please be assured that when we have any communication from the client regarding your offer, we will communicate it to you. Updates on your offers are requested via e-mail only with all inquiries sent to offers@NYREOExperts.com. Please include the property address, buyer name, and your name (Agent).
Seller will not provide a written Letter of Rejection. Notification of acceptance or rejection will be made by the listing office. Seller also reserves the right to accept the offer of their choice, regardless of the order in which it was received.
Negotiations are via TAZAHOMES. Once an offer is accepted an addendum will be sent to you for completion. The addendum and all supporting documents as required by the seller must be returned by the date indicated on the addendum. NO EXCEPTIONS!
Our clients require their addendums to be a clean copy (this means no additional verbiage, words crossed, blotted out, or any form of alteration to the addendums). If you have negotiated other terms such as additional closing costs that are not covered on the bank addenda, you may add an additional addendum.
Sale price, inspection dates, closing dates, and earnest money must match on both contract and addendum. DO NOT send in contracts and addendum with conflicting values. Complete contract and addendum must be returned by the date indicated on the addendum. Contracts with conflicting values or incomplete information will be rejected.
Buyer and buyer's agent understand that delays can be caused that are outside of the seller's control, such as the filing of the sheriff's deed, point of sale inspection etc. Under such circumstances, as it is throughout contract acceptance to close, no repairs or alterations are to be made to the property. A notification to the listing agent must be made for every showing. Buyer's agent must be present at all showings.
Seller will make no repairs to the property unless it was negotiated in the offer. It is the responsibility of the buyer and the buyer's agent to ensure that all deadlines are met with regards to financing and inspection contingencies. Failure to meet these deadlines may result in the loss of earnest money. The property is sold AS-IS. Remember, the seller will make no repairs unless they are lender required repairs.
