4. The contracts should also include an acceptable and verifiable proof of funds adequate to close (issued by a reputable, properly chartered financial institution with full contact information for a representative). Should the source of any of the purchase price be a loan, the loan should be fully approved contingent ONLY upon property appraisal for at least the purchase price.
5. Escrow must be scheduled to close within 30 days of contract acceptance.
6. Only property inspection and/or appraisal contingencies should be included (no loan or other contingencies). Contracts should be for all cash payable at closing.
7. Contracts should be faxed to us at (415) 946-3398.
8. JPIH will carefully review your offer and will either return a signed accepted contract or it will submit a counteroffer.
9. Once a contract is signed by both parties, a copy of it will be returned to you with wiring instructions for submitting your earnest money deposit.
10. Escrow will be opened with JPIH's agents who will prepare the transaction for closing.
11. During the escrow period, arrangements will be made for you to perform physical inspections and to obtain any desired appraisals.
12. Once the transaction is closed, the deed will be sent for recording and a copy of the filed deed will then be sent to you.
13. Possession will be delivered pursuant to the terms of the contract.
By submitting a purchase contract, the buyer releases JPIH, its officers, directors, employees and agents from any and all claims, with regards to the property and/or the listed information.
JPIH reserves the right to decline any and all offers.
As with any transaction, please exercise due diligence during the escrow period. Due diligence should include at a minimum a physical inspection of the property, research of the property, independent professional assessment of its value and review of governmental requirements and entitlements to ensure the property you are purchasing is suitable for your specific intended use.
We will do our best to make this a smooth and speedy transaction. We look forward to working with you and we will help you every step of the way!