1108 Circulo Montosa, Rio Rico, AZ 85648

Home situated on a hilltop overlooking Santa Cruz Valley! Property have been completely refurbished with a new roof, interior/exterior paint, new carpeting, and appliances. *GUIDELINES FOR SUBMITTING OFFERS FOR FANNIE MAE-OWNED HOMES*[] [] > All offers on HomePath properties* must be made using the HomePath Online Offer system. If your client is ready for you to make an offer on their behalf, simply click the "Make an Offer" button on the property information and follow the instructions.[] [] > To quickly find this property in Homepath.com go to Advance Search and enter the REO ID# that has been provided in the Agent Only Remarks data field.[] [] > To make an online offer, review the training materials located in the Flexmls Dashboard Links under Property Listing Web Sites > HomePath Online Offers. > Fannie Mae won't accept any offers until a property has been listed for at least three (3) business days. > During Fannie Mae FirstLook period, only offers from owner occupants and public entities will be considered for the first fifteen (15) days a property have been listed. > To view how many days left within the FirstLook period, search for the property in HomePath.com *CREATING PURCHASE AGREEMENT AND PURCHASE ADDENDUM* > The Arizona (AZ) Purchase Agreement, Fannie Mae (FM) Purchase Addendum, copy of earnest check (account # blacked out), and Owner Occupant Certification, if applicable needs to be uploaded when submitting the online offer. > Effective 12/11/2012 - Section 10(f) has been added to capture the Purchaser's option of title and escrow closing services. Action: When entering the offer into the system, include offer comments as to which option the Purchaser selected. >Options are to: >Use Seller's escrow closing and title provider and title insurance company used by Seller's provider. If Purchaser selects this option, Seller agrees to pay for the owner's and lender's title insurance, limited to the amount that Seller would ordinarily pay to its provider for a basic owner's and lender's policy. Action: If the Purchaser selects this, do not include the cost of title insurance in any negotiated concessions. >Use another escrow closing and title provider. If Purchaser selects this option, Purchaser agrees to pay for all title insurance costs associated with the transaction regardless of local custom or practice. Action: If this option is selected, any seller concessions must exclude the payment of title insurance by seller. Example: Seller will contribute up to $____toward Purchaser closing costs, points, pre-paids. This amount excludes title insurance costs which will be paid by the Purchaser. >Note: Please specify the title company (ALL their contact info) your Buyer would like to utilize for the sales transaction OR use Seller's title company as shown in the MLS under "Submit Offer With/Seller's Title Company". > MUST HAVE THE BUYER INITIAL WHICH OPTION OF TITLE COMPANY THEY HAVE ELECTED TO USE IN THE FANNIE MAE ADDENDUM PAGE 6. > The AZ Purchase Agreement and FM Purchase Addendum MUST contain the Seller's name as: Fannie Mae > The offer MUST contain Buyer's legal/correct name. No amendments will be allowed. > Add following verbiage under Additional Terms & Conditions in the AZ Purchase Agreement: Pursuant to section 28 of real estate addendum, this contract is subject to all terms and conditions set forth in the real estate purchase addendum. > Add following verbiage under Section 38. Additional Terms & Conditions in FM Purchase Addendum: Not withstanding the language in section 8o of the state sales contract, nothing in this agreement shall constitute a release or waiver by Seller of any claim or right that it may have with respect to any third parties, including but not limited to the Brokers in this transaction. > Add following verbiage under Section 38. Additional Terms & Conditions in the FM Purchase Addendum in the event the Buyer is requesting closing cost to be paid by seller: Seller will contribute up to 0% ($0,000) towards buyer's closing costs, points, prepaid, HOA transfer fee, and home warranty. In the event that the buyers lender restricts the allowable Seller contributions toward Buyers closing costs, Seller's actual and total contribution shall be limited to the allowable amount. > MUST specify Karen S. Miller as the listing agent with contact information in the AZ Purchase Agreement and FM Purchase Addendum. > Do include the As-Is Addendum and HOA addendum if applicable. > DO NOT include the On-Site Waster-Water Addendum As part of your offer. Seller will not sign the AZ On-Site Waste-Water Addendum. However, will pay for the pumping and inspection report of the septic system. >All offers and counter offers will be done through Homepath.com. *** NOTE: If offer is accepted, the AZ Purchase Agreement and the FM purchase addendum will need to be revised to final negotiated terms and conditions.*** > On July 31, 2012, Fannie Mae introduced the option to Pre-Accept an offer in the Online Offers system. This option allows you, the Selling Agent, the opportunity to update your offer with the final negotiated offer terms and documents (if available) before you receive an acceptance. > When the Listing Agent has Pre-Accepted your offer, you will receive an email notification asking you to log in to the HomePath Online Offers system and update your offer with the final negotiated terms. *PLEASE SEND ACCEPTED OFFER AS A COMPLETE PACKAGE WITH THE REVISED DOCUMENTS IN THE FOLLOWING ORDER.* >Fannie Mae Real Estate Purchase Addendum >Fannie Mae Supplement to the Real Estate Purchase Addendum (if applicable. i.e. NSP deals). Please ensure you incorporated any addendums such as the NSP addendum to the agreement on par 38 of the purchase addendum. > AZ Real Estate Purchase Agreement (please ensure Pursuant to par. 28 language is included) > Fannie Mae First Look Owner Occupant Certification & Listing Agent Notification 2 pages (if applicable-Required on all Owner Occupied- transactions) > Fannie Mae Lead-Based Paint Addendum (if applicable) > Fannie Mae Environmental Disclosure (if applicable) > Buyer(s) Pre-Approval Letter (waived if cash) > Buyer(s) Copy of EMD check with Account and Routing blacked/deleted out > Buyer(s) Proof of funds with Account and Routing blacked/deleted out ***10 DAY INSPECTION PERIOD STARTS FROM THE ACKNOWLEDGMENT DATE POSTED ON THE EQUATOR WORKSHEET/SYSTEM. *** Feel free to call or email for any additional info.