Open Houses will be held on Saturday, April 23rd, 2022 from 10am-4pm & Sunday, April 24th 2022 from 12pm -4pm.

Offering process: Ends on Wednesday, April 27th, 2022 at 7pm CST

Buyers can submit an offer online anytime from the beginning until the end of the published date; provided they have submitted a pre-approval or POF to the listing agent.

Once the seller accepts the winning offer, the entire process will proceed like a traditional real estate transaction. The buyer will submit a signed contract to the seller with the final sales price being the highest offer plus the Agent Compensation.  The buyer and seller will open escrow with all of the buyer’s contingencies and inspections time frame outlined in the contract. For more information contact the Listing Agent!

SELLER RESERVES THE RIGHT TO ACCEPT, COUNTER OR REJECT ANY OR ALL OFFERS!

Agent Compensation on this transaction is 6%. Agent Compensation will be added on top of the winning offer which shall establish the final sales price.

Highest Offer + Agent Compensation = Sales Price!

The winning Offeror shall provide a purchase contract within 24 hours from the time of acceptance of the winning offer by the seller. If the buyer will not provide the purchase contract within the time frame specified above, the seller reserves the right to accept other offers!

**IMPORTANT**

The Offer Process – Please Read Entire Section

In order to place an online offer on any property available on this website (our online offers platform), Buyers must first  REGISTER on our platform, and then in order to get access to make an offer, you must provide EITHER acceptable Proof of Funds (if paying in all cash) OR a FULL Underwritten Loan Pre-Approval Letter or the actual Automated Underwriting printout From a Licensed Mortgage Lender (prequalifications are not sufficient) to the listing agent on the property you are interested in. Upon review and acceptance of the documentation provided, we will then manually approve you (within our platform back office area) to have access to make offers.

Your pre-approval must be enough to satisfy the maximum amount you may want to offer on the home. If you make an offer exceeding your preapproval amount, your offer will be deleted. Example: If your preapproval is for 300k and you want to increase your offer to 360k you must provide an updated preapproval no later than noon on the final day of the online sales event.

If you will need to finance a property purchase for any property listed on our platform, you can get loan pre-approval started with one of our approved lenders if you do not have one by clicking here

If you are not pre-approved and want to come to the event to tour the home, you may do so but you will not be allowed to access the online offers platform unless and until you either supply the listing agent of the property you are interested in the appropriate pre-approval or proof of funds as stipulated previously. We will have licensed lenders on-site at the event to pre-approve anyone who is not already pre-approved but wants to make an offer on the home. For those buyers who want to get pre-approved on-site, they need to bring and provide the lender with acceptable documentation to facilitate pre-approval or they will not be allowed to place an offer.

You MUST first register to access the online offers platform as explained above by clicking the link below.

CLICK HERE to register for access to the online offers platform.

By agreeing to these Terms and Conditions you agree and understand any offers you submit will be available and visible to the public in real-time on the property page of our website.

The Seller has required the listing agents to have all offers submitted online. We have been instructed NOT to review or present offers that were not submitted through the online process.

If you are submitting an offer from a different time zone than the property, you MUST change the clock on your computer to ensure your offers are submitted in a timely manner.

WE DO NOT RECOMMEND USING A MOBILE PHONE FOR SUBMITTING AN OFFER! IF YOU DO, YOU MUST REFRESH YOUR SCREEN TO ENSURE ACCURACY!

Registration and documents (lender pre-approval letter or satisfactory proof of funds for cash offers) must be received NO LATER than 12:00 pm CST on the final day of the online sales event.

If you are not registered and/or you have not provided suitable documentation by NOON on the final day of the online sales event and want to make an offer, you will NOT be allowed to make an offer!

We also STRONGLY encourage you or your agent to log in to your account well in advance of the end of the online sales event expiring in case you want to see where offers stand or if you want to increase your offer. It is IMPORTANT to understand the steps and functionality needed to place your offer.  Technical or agent support will not be available after 12:00 pm CST on the final day of the online sales event.

CLICK HERE to register for access to the online offers platform.

Upon acceptance and approval of your documentation submitted as described above (acceptable proof of funds/lender pre-approval letter), you will be granted access to our online offers platform which means you will receive access to make offers on properties that meet your criteria.

You MUST be working with a licensed Illinois Real Estate Agent – No Exceptions.

If you do not have an agent to represent you, we can recommend several that you can choose from who are also familiar with and understand this type of platform. Please contact us to let us know if you need us to refer a licensed agent to represent you by clicking here Contact Us.

A licensed Real Estate Agent must prepare all required documents (other than loan pre-approval) and initiate the process.

Once you have an agent representing you, our registration page will have you enter their contact information or they can register on your behalf. Our agents will contact them and review the online offers procedures.

Our agents are experts in this process and can guide you and your agent through the entire online offers process from beginning to end and answer all of your questions. They can also explain the financial benefits of working with us.

“Final Declared Winning Offeror” – Being the highest Offeror on the site property page does not necessarily mean you are the final declared winning Offeror or your offer is accepted. There are many factors that go into a seller accepting an online offer such as type of mortgage financing, down payment, amount of earnest money, closing date, home sale, and other contingencies, etc. The listing agent will call all agents representing the buyers who have placed competitive price offers on a particular property on our platform to learn all the details of their offers. Only after the seller and seller’s agent discuss the terms of all the competitive offers submitted on this site will they determine who the “final declared winning Offeror” will be from all competitive registered Offerors involved in the online sales event.

If You Are declared the “Final Winning Offeror” by Seller or Seller’s Agent – If you are declared the final winning Offeror, you must have your agent submit a signed Illinois 7.0 Multi-Board Purchase Agreement to the seller/seller’s real estate listing agent along with the earnest money deposited with the seller’s attorney as escrow agent within the time specified in “sale terms and conditions” (typically within 24 hours but please see the property posting for complete details). If you do not have an agent, please Contact Us as you must have a licensed agent perform this function and be registered on our site prior to your being able to place offers on a property on our platform.

Seller(s) reserve the right to accept, negotiate or reject the highest offer or any offer submitted.

What is the “Buyer’s Premium” – Using the www.welcomehomeoffers.com online offers platform, real estate commission is paid in whole or in part from what is called a “Buyer’s Premium”. Buyer’s Premium can range from 1% to 10% of the “Final Declared Winning Offeror” price accepted (not the Final Sales Price). The exact percentage amount of Buyer’s Premium can be different for each property offered on our platform so be sure to read the specific terms on the property page and MLS listing for the property you are interested in.

The FINAL SALES PRICE which will be shown on the 7.0 Multi-Board Residential Contract is calculated in the following manner:

Highest Declared Final Winning Offeror Price x Buyer’s Premium Percentage stated on Property Page.

Highest Declared Final Winning Offeror Price + Buyer’s Premium Amount = FINAL SALES PRICE. 

The Buyer’s Premium is NOT based on the Sales Price Shown in the 7.0 Multi-Board Contract.

This is the MOST transparent way for a seller to offer the lowest price on their home and still compensate the real estate agents who conduct and close the transaction.

Each property listed on our platform site will offer different terms, conditions, and buyer’s premium, so be sure to research the property you are interested in thoroughly along with all of the details on the property page.

Properties will be available for viewing by the general public ONLY on the day(s) specified on the property page of each specific property (unless agreed otherwise) – There may also be a specific Realtor Broker Open a couple of days before the general public viewing but those will be case by case and indicated on the property page of the property you are interested in so please read the property page for full details.

Seller(s) reserve the right to accept, negotiate or reject the highest offer or any offer submitted.

An online offer is a binding agreement and a seller can legally pursue a non-performing buyer.

Be sure to contact us if you have questions about the offers process.

Terms You Should Know 

WE SUGGEST YOU ALWAYS LOG INTO THE SITE 5 MINUTES BEFORE THE SCHEDULED ONLINE SALES EVENT ENDS TO SEE WHERE OFFERS ARE AT IN CASE YOU WANT TO MANUALLY MODIFY YOUR OFFER.

Offering Auto Extend – Our system Prevents Last Second Unfair “Sniper Offers” by Automatically Extending the Offers time for each online sales event.

If an Offeror places an offer within 5 minutes of the end of the online sales event expiring, the system will automatically extend the online sales event by 5 minutes in order to allow other Offerors the opportunity to respond and will continue to operate like this until there are no more offers during each last 5 minutes of any extended online sales event time period.

Attention Final Declared Winning Offerors

If You Are Declared the Final Winning Offeror: Our Seller’s Agent will contact your agent to discuss and finalize your offer and to determine the actual final sales price to be inserted into the 7.0 Multi-Board Residential Contract. The Highest Offer on our site does NOT mean you have an accepted contract. Once we have discussed the terms of your offer and the seller accepts your offer, your agent MUST submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details on the property page). If you do not have an agent, please Contact Us.

Notice to Final Declared Winning Offeror: Important – If you are declared the final winning Offeror by the seller and seller’s agent at the end of the online sales event (this is after discussion with you regarding all other terms of your offer directly with the seller’s agent and seller and your offer is accepted by same and you are then declared the “Final Winning Offeror”) and if you then back out without submitting a contract, you will have been considered breaching our terms of use of our online offers submission system and you may be liable for a $500 withdrawal penalty fee.  We will invoice you for that amount.

Seller(s) reserve the right to accept, negotiate or reject the highest offer or any offer submitted.