Offer Process
1) Use the Colorado Contract to submit the original offer
2) Make sure that you submit a prequal letter or verification of
funds letter with the contract 3) Offers are normally responded to the same business day but you
might allow 48 hours for acceptance 4) Counters will be made verbally 5) Once the price and terms are agreed to, the Fannie Mae
addendum will be generated and there needs to be a reference to the
addendum added to the original contract - there is a sample addendum
on the listing pages for your buyers to review prior to making an
offer 6) All dates (inspection period) start from the date of verbal
acceptance 7) Signed contracts will take about a week to be returned from
Fannie Mae. 8) Lenders need to be aware that figures
MUST arrive at the title company 48 hours prior to closing -
no exceptions 9) Any changes to the contract need to be made on the
Fannie Mae amendment form. This form is found on the listing
pages.