Frequently asked questions on offers/counter-offers:
- How are offers handled?
- Is homecoin.com noted as the listing agent on the offer?
- How do I get the listing agent to sign on the offer?
- Is there a form I can use to clarify the role of homecoin?
- What if I need help with an offer or counter-offer?
How are offers handled?
For most states, offers are submitted directly to you via email by the buyer agent. In the private (agent-only) remarks section of the MLS listing, we note the email address that you wish to have offers sent to. If the buyer does not have an agent, you'll need to let them know how to transmit the offer (email, physical, etc.). If the buyer needs help putting together an offer, we do have assistance options available.
Illinois and Missouri require that offers are sent to the listing agent and we then forward the offer to you.
Is homecoin.com noted as the listing agent on the offer?
No, since we do not represent you in the paperwork, we are not listed as the listing agent on the offer form. When buyer agents (or buyers) are putting together their offer, in the space for "Listing Agent" or "Brokerage" they should put either "Not Applicable / FSBO" or "MLS Entry-Only". If you need assistance with reviewing offers, counter-offers, or with disclosures, we do have cost-effective broker/attorney partners that we can refer you to. Read more here.
If you hold a real estate license, you do not enter your name as the Listing Agent.
How do I get the listing agent to sign on the offer?
We do not sign the offer and should not be listed on the offer. If the buyer agent has written us in as the listing agent on the offer, you should let them know that we are not representing you in the paperwork and we do not sign the offer. In the spaces for Listing Agent, they should instead enter either "Not Applicable / FSBO" or "MLS Entry-Only".
Is there a form I can use to clarify the role of homecoin?
Yes, see our article here, which includes the form.
What if I need help with an offer or counter-offer?
You have a few options:
- You can make a verbal counter-offer to the buyer agent and they can rewrite the offer.
- We have referral partners (brokers and attorneys) or transaction coordinators that we can direct you to. They are typically more cost effective than using the buyer agent to represent both you and the buyer. In the event the buyer comes directly to you, these referral partners are a very cost effective way to complete the paperwork. Read more here.
- Read more about contract and disclosure forms options and help here: https://homecoin.zendesk.com/hc/en-us/articles/360004136313