Managing Offer Terms and Documents
How do I submit additional terms and request additional documents?
Before Submitting an Offer
At the point of creating an offer, you will be prompted to add any additional terms to the offer if needed.
Countering an Offer
If you wish to counter an offer with additional terms or requests, you can use the 'Counter' button, which is visible in any open offer. Upon clicking, you will see a new offer in draft form. Within this draft contract, you'll find a section for adding additional terms.
Amending an Accepted Contract
To update a contract in the 'Accepted' or 'Under Contract' status, utilize the 'Amend' button. This action will mark the current offer as 'Amended' and open a new draft offer for your modifications. Within this draft, you'll find an option for adding additional terms. Please note, the counterparty will need to sign again to ratify these changes.
When does the offer expire?
The Federa Buy/Sell Agreement does not have an expiration date and is good until canceled, also known as "good 'til canceled." If the seller does not accept the offer, the buyer has the option to cancel the contract at any time. If canceled, the ...
How can I get added as the listing agent for an offer that we received?
The best option is to be added by someone who is already on the transaction. They can simply go to the transaction and add your profile under the 'Add People' section. How do you know who is currently added to the transaction? If the home is already ...
Are Federa Offer Contracts state approved?
It's important to note that neither the Federa Buy/Sell Agreement nor the assumed NAR contracts are state-approved. In fact, states typically do not provide contracts. However, the Federa Buy/Sell Agreement is a private contract that has been ...
Where is the buyer's signature? Great question! In regards to the buyer's signature, Federa Buy/Sell agreements are considered legally binding whether or not they are signed. However, we highly recommend that buyers sign at the time of submitting an ...
Whats a Federa Pre-Qualification letter?
At Federa, we are committed to creating a platform that provides a reliable source of information for both buyers and sellers. We understand that buying or selling a home is a significant life decision, and we want to make sure that all parties ...