Announcement

Collapse
No announcement yet.

Sample offer email to listing agent in NYC

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Sample offer email to listing agent in NYC

    This is a sample offer email to a listing agent on behalf of an all cash buyer:

    Dear[Listing Agent Name], we are pleased to submit the following all cash offer of $[Price] for [Address] on behalf of our clients [Husband's Name] and [Wife's Name]. We don’t anticipate utilizing any financing and this offer is not contingent on financing. We have an attorney on standby ready to review a contract ASAP, and we’ve also included a REBNY Financial Statement and a short biography for your review. If necessary, we can provide proof of funds in the form of brokerage and bank statements.

    Our buyers are very seriously looking and intend to close on a place within the next 60 days. Please note that we have seen upwards of [number] properties in the past few weeks, and have submitted and will be submitting additional offers. We will be doing a deal, and we hope you will be receptive to our offer.

    Please confirm receipt and let us know if we can do a deal. Thank you!

    REBNY Financial Statement:

    [link] or see attached

    Attorney Contact Information

    Sample Laywer
    Big Law PLLC
    50 Wall Street 18th Floor
    New York, NY 10005
    T 646.616.5743
    F 646.339.2346
    Sample@BigLaw.com
    www.BigLaw.com

    Short Biography

    [Names] are both longtime executives in the software industry with 120 startups and multiple IPOs between them, moving to NYC for work family and work. [Name] is a former senior Palantir software executive with 25 patents and expertise in the food/grocery/retail business; [Name] is an ex-Apple, ex-Google product and marketing executive currently specializing in artificial intelligence and grid-scale electrical energy distribution. We're also both sculptors/craftsmen - [Name] in stone, [Name] in wood. [Name] grew up in Westchester and is returning after 25 years; [Name] is an immigrant who's dreamed of living in New York for decades. We've been homeowners and landlords many times, including high end properties and older houses ("character").
    Last edited by Benny; 03-31-2019, 01:26 PM.

  • #2
    This is another sample offer email, where the buyer is financing. As you can see, you really just need to include the price, contingencies (if any), anticipated amount down, REBNY Financial Statement, pre-approval letter and ideally attorney contact information. As you can see from the sample offer email below, not including the attorney contact information isn't the end of the world either.

    Oh and lastly, the "standard" contingency in NYC is really just the financing contingency. That's it!

    Dear[Listing Agent Name],

    We’re pleased to submit the following offer of $499,000 for 202 West 14th Street, Apt 3B on behalf of our client Derek Frump, contingent on financing. Derek can put 25% down and is highly qualified per his REBNY Financial Statement and pre-approval letter, attached. He has an attorney on standby to review the contract.

    Please confirm receipt and let us know if we can do a deal. Thank you!!

    Comment


    • #3
      This is a sample offer email on a new construction condo, where the buyer is requesting the developer/sponsor cover their own transfer taxes and attorney's fees. Remember that in a new construction home buying process, sponsors will typically try to get the buyer to pay for some of their closing costs, such as transfer taxes and their own attorney.

      [Listing Agent Name], we are pleased to submit the following, full asking price offer of $1,550,000 on behalf of our client Warren Hilcox for 124 MacBeth Ave #3.

      We’ve attached a pre-approval letter from [Bank Name] as well as a REBNY Financial Statement. As you can see, our client is very well financially qualified with a high income and no existing debt.

      This offer is contingent on financing, and our client plans on putting 20% down. This offer is contingent on the sponsor covering their own closing costs (i.e. any transfer taxes and their own attorney fees).

      Please confirm receipt and let us know if we can do a deal. Thank you!!
      Last edited by Benny; 03-31-2019, 01:24 PM.

      Comment


      • #4
        Subject: Offer for 202 Thompson St #1C on behalf of [Buyer Name]

        Hi[Listing Agent Name], we are pleased to submit the following offer of $1,950,000 for 202 Thompson St #1C on behalf of our client [Buyer Name]. We’ve attached a full, credit approval letter* from Wells Fargo (much stronger than just a standard pre-approval letter) as well as a REBNY Financial Statement.

        This offer is contingent on financing. Please confirm receipt and let us know if we can do a deal!

        Bio
        [Buyer Name] grew up in San Diego, receiving a B.S. from Berkley (1998) and Ph.D. from Stanford (2003), both in Artificial Intelligence, with a three year stint as a visiting graduate student at Harvard. His research was about how re-thinking the conceptual foundations of quantum mechanics is relevant to the practical problem of simulating quantum systems. During graduate school he also became interested in quantitative finance--building mathematical models to better understand financial markets. His career in this field has included positions at Goldman Sachs, Morgan Stanley, and Swiss Re. Most recently he was tapped to build out and head the quantitative strategy group at Prime Science Investments, where he focuses on long-term investing and ways to manage currency risk arising from the firm's Japanese insurance business. In his spare time, he indulges an amateur interest in intellectual history.

        Attorney
        Daniel Craig, Esq.
        Partner
        daniel@biglaw.com
        140 East 35th Street, 6th Floor, New York, NY 10016
        T: 212-210-4020 | F: 212-291-1537

        *Per the buyer's mortgage banker at Wells Fargo: “full Credit Approval (subject property TBD) has been issued. I have attached the actual commitment letter (better than a pre-approval, as an underwriter has actually underwritten the file to approve you as a borrower, minus collateral). For now, ignore the conditions listed, as the updated list will be revised once a property is located, contract signed, and actual appraisal done and conditions reviewed.”

        Comment


        • #5
          Originally posted by Benny View Post
          Subject: Offer for 202 Thompson St #1C on behalf of [Buyer Name]

          Hi[Listing Agent Name], we are pleased to submit the following offer of $1,950,000 for 202 Thompson St #1C on behalf of our client [Buyer Name]. We’ve attached a full, credit approval letter* from Wells Fargo (much stronger than just a standard pre-approval letter) as well as a REBNY Financial Statement.

          This offer is contingent on financing. Please confirm receipt and let us know if we can do a deal!

          Bio
          [Buyer Name] grew up in San Diego, receiving a B.S. from Berkley (1998) and Ph.D. from Stanford (2003), both in Artificial Intelligence, with a three year stint as a visiting graduate student at Harvard. His research was about how re-thinking the conceptual foundations of quantum mechanics is relevant to the practical problem of simulating quantum systems. During graduate school he also became interested in quantitative finance--building mathematical models to better understand financial markets. His career in this field has included positions at Goldman Sachs, Morgan Stanley, and Swiss Re. Most recently he was tapped to build out and head the quantitative strategy group at Prime Science Investments, where he focuses on long-term investing and ways to manage currency risk arising from the firm's Japanese insurance business. In his spare time, he indulges an amateur interest in intellectual history.

          Attorney
          Daniel Craig, Esq.
          Partner
          daniel@biglaw.com
          140 East 35th Street, 6th Floor, New York, NY 10016
          T: 212-210-4020 | F: 212-291-1537

          *Per the buyer's mortgage banker at Wells Fargo: “full Credit Approval (subject property TBD) has been issued. I have attached the actual commitment letter (better than a pre-approval, as an underwriter has actually underwritten the file to approve you as a borrower, minus collateral). For now, ignore the conditions listed, as the updated list will be revised once a property is located, contract signed, and actual appraisal done and conditions reviewed.”
          It's worth mentioning that a buyer can switch attorneys after submitting and offer and before commencing the formal post offer acceptance procedure (buyer due diligence, contract negotiation, etc.). The primary purpose of including attorney contact information in an offer is to signal to the seller and listing agent that a buyer is serious, educated and ready to move forward expediently towards a signed contract!

          Comment

          Working...
          X