HomePath Online Offers Guide for Selling Agents 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 1
Table of Contents Introduction...3 Online Offers User Support...3 Your Account...4 Registering on HomePath.com...4 Subsequent Logins...6 Password...7 Forgot Password...7 Changing Your Password...8 Changing Your Password After You Log In... 9 Offer Submission... 10 Search for Listing... 11 Search Results... 11 Listing Information... 12 Make an Offer... 12 Register or Log In... 13 Submitting the Offer... 13 Offer to Purchase... 15 Offer Review... 18 Terms & Conditions... 19 Upload Offer Documents... 20 Offer Confirmation... 21 Managing Offers... 22 Overview of Process Flow... 22 My Offers... 23 Offer Information... 23 Offer Status Headings... 24 Offer Actions... 25 Email Notifications... 26 Selling Agent New Account Creation... 26 Forgot Password, Changed Password... 26 Offer to Purchase... 27 Multiple Offer Round Started... 28 Multiple Offer Round Ended... 29 Offer Revised... 29 Offer Rescinded... 30 Counter Offer... 31 Offer Rejected... 31 Offer Pre-Accepted... 32 HomePath Online Offers Transaction Terms of Use... 34 Frequently Asked Questions... 35 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 2
Introduction This guide is designed to assist Selling Agents who are submitting offers on a Fannie Mae property using the HomePath Online Offers system. The HomePath Online Offers system is designed to enhance the interaction between Fannie Mae Listing Agents and Selling Agents throughout the offer submittal and negotiation process. Selling Agents can monitor the status of their offers and are prompted by the system to take actions on their offers when necessary. The HomePath Online Offers system allows you to: Search for and select properties Make an offer on a Fannie Mae property Upload required offer documents Manage offers Receive important notifications and take action when necessary You are required to submit all offers through the Online Offers system. This includes: Acquiring permission from the buyer(s) to submit their offer through the HomePath Online Offers System, as required in the Terms & Conditions for submitting the offer Establishing a user account on HomePath.com Reading and agreeing to the HomePath Online Offers Transaction Terms of Use Submitting an offer on behalf of the buyer(s) Uploading required documents, including the Fannie Mae Real Estate Purchase Addendum, Sales Contract, and any other necessary documentation When prompted, taking specified actions on offers Note: The Listing Agent, Selling Agent, and offer data are wholly fictional. Website content and functions are subject to change. Online Offers User Support If you have any questions about the HomePath Online Offers system, call the Online Offers Support Center at 1-866-218-4446, available Mon. - Fri., 9 a.m. - 9 p.m. Eastern time. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 3
Your Account Registering on HomePath.com As a Selling Agent, you must create a user account and register on HomePath.com before you can submit an offer. Even if you already have an existing HomePath account that you use to Save Listings, you will still need to register the first time you submit an offer on a Fannie Mae property. 1. On HomePath.com, enter the MLS number, address, or REO ID (or any other search criteria) into the search field, and then click on Search. 2. If more than one listing is found, select the property in the search results by clicking on the address. For more details on locating a property, see the Search for Listing section of this guide. 3. Review the Listing Details to confirm that you ve located the correct property, and then click on Make an Offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 4
4. You will be automatically prompted to register. Click on Register Now. John Q Agent 5. Complete all required fields (*), and then click on Submit. 6. Review your registration information. If there are any errors, click on Edit and make any necessary corrections. When you are finished, click on Confirm. 7. Your HomePath.com Online Offers account is now created, and your temporary password will be emailed to the address you provided. Note: If you later need to change any of your contact information on your account, please contact the Online Offers User Support Center at 1-866-218-4446. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 5
Subsequent Logins After you have registered, the login process is simple. 1. Go to http://www.homepath.com 2. Click on Log In. 3. Enter your email address and password. (If you have not changed your password, this is still the temporary password that was provided when you created your account and/or registered.) 4. Click on Login. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 6
Password Forgot Password If you have forgotten your password, follow the instructions below to retrieve a link to log in to the Online Offers system. 1. On the Log In page, beside Forgot your password? click on Click here. 2. Enter the email address for your account, and then click on Get my password. 3. The Online Offers system will automatically send you an email with a link to log in to the system. When you receive the email, click the login link to log in and reset your password. 4. Enter a new password, at least 8 characters (letters and/or numbers) long. Retype your new password to confirm it, and then click on Change password. 5. You will be sent an email confirming that your password has been changed. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 7
Changing Your Password You can change your password before you log in. 1. On the Log In page, beside To change your password please, click on click here. 2. Enter your email address, old password, and new password. Passwords must be at least 8 characters (letters and/or numbers). Retype your new password to confirm it, and then click on Change password. 3. You will be sent an email confirming that your password has been changed. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 8
Changing Your Password After You Log In To change your password after you log in, follow these steps: 1. On any page, click on My Account. 2. Enter your original password and new password. Passwords must be at least 8 characters (letters and/or numbers). Retype your new password to confirm it, and then click on Change password. 3. You will be sent an email confirming that your password has been changed. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 9
Offer Submission All offers for Fannie Mae properties must be submitted online, at HomePath.com. Ensure you have all required forms signed by the buyer before you click the Make an Offer button or you will not be able to complete the submission. This overview of submitting an offer through the HomePath Online Offers system can be printed as a convenient reference. Each step is described in greater detail in the following sections of this guide. 1. Search for listing If more than one search result, click on property address to open Listing Details. If only one search result, Listing Details will open directly. 2. Click on Make an Offer 3. Register (first time only) or log in 4. Enter Offer to Purchase Complete all required fields (*). Update your phone number and email address on Line 18, if necessary. Click on Continue OR Save Progress & Exit to save incomplete offer. You must return within 24 hours to complete the offer or it will be deleted, and then you will need to create the offer again. 5. Review offer Click on Edit to modify offer information OR Continue when correct. 6. Read and acknowledge Terms & Conditions 7. Select and upload documents Blank form: Click on Download Template. Browse to select file: Click on Browse, select file on your computer, click on Open. Upload file: Click on Upload, click on I Verify. 1 2 Documents to upload: standard local or state contract, Fannie Mae Real Estate Purchase Addendum, and Owner Occupant Certification (if the buyer intends to occupy the property) 8. Print offer confirmation for your records 9. Click on Go to My Offers to view offer 10. Forward other documents directly to the Listing Agent as needed to complete or clarify the offer submission. Examples include a copy of the earnest money check, a prequalification letter (although this is not required for submission), and other addenda. 11. Monitor email and the My Offers page for updates to offer status and notification of necessary actions. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 10
Search for Listing You can search for a listing by several methods on HomePath.com. On the Find Homes tab, enter basic search criteria and click on Search. You can also click on Map Search to display search results on a map or Advanced Search for more search options. Search Results Review the search results, click on the Property Address to go to the Listing Details for the property. Search on specific criteria Results can be sorted by any column 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 11
Listing Information View the listing details on the Listing Information page. Not the right listing? Select another result from your latest search or do a new search. Make an Offer When you ve selected the correct listing and the offer is ready to be submitted, click on Make an Offer. Click How to make an offer for helpful webinars and other training on submitting an offer. Make an Offer button missing? Property may be under contract, in an auction pool, or off the market. Contact the listing agent for details. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 12
Register or Log In If this is your first time submitting an offer through the Online Offers system, you will need to register. See the previous section, Registering on HomePath.com, for details. If you have already registered, you may need to log in. Submitting the Offer Submitting an offer in the Online Offers system is accomplished in 5 simple steps: 1. Offer to Purchase 2. Offer Review 3. Terms & Conditions 4. Upload Documents 5. Offer Complete As you complete each step and click Continue, the system will automatically take you to the next step. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 13
Incomplete Offers (Save Progress & Exit) At any time during the offer submission process, you can save the data you have entered for the offer and exit the process. You will have 24 hours to return to the offer to complete and submit it. After 24 hours the offer will be deleted and you will need to create the offer again. Click on Save Progress & Exit. Click Return to Offer to return to the offer for completion, or click Continue to Save to proceed with saving the offer. The offer will appear under the heading My Incomplete Offers on the My Offers tab. Heading appears when you have incomplete offers. When incomplete offer expires, it will be deleted. Return to this offer by clicking Continue offer. To continue submitting the offer, click on Continue Offer. You will return to the Offer to Purchase form (step 1 of the offer submission process) Note: If the Continue Offer option is not available, the property status has changed and the system cannot accept offers on the listing. Contact the Listing Agent for details. To delete the offer, click on Delete Offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 14
Offer to Purchase Complete the Offer to Purchase form (see below for detailed notes), and then click Continue. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 15
Form Guidelines All fields with an asterisk (*) are required. 1. Buyer(s) o Enter buyer s contact information. o Upon selecting a Country other than the United States, Region and Postal Code fields will appear for proper entry. 2. Has Buyer(s) Purchased Fannie Mae Property Before? o Select Yes or No to indicate if the buyer has purchased a Fannie Mae property before. This answer must match the response on section 16(f) of the Real Estate Purchase Addendum. 3. Purchase Offer Amount o Enter the buyer s offer amount. o Indicate whether the answers to Fields 4 and 5 will be a dollar amount or percentage 4. Seller s Contribution to Buyer s Closing Costs o Enter 0 (zero) if not applicable, otherwise enter dollar amount or percentage 5. Other Seller Concessions o Enter 0 (zero) if not applicable, otherwise enter dollar amount or percentage o Provide details in the Comment field. 6. Net Offer o Amount will automatically populate based on values in Fields 3-5. 7. Requested Repair Amount o Enter 0 (zero) if not applicable, otherwise enter dollar amount or percentage o Provide details in the Comment field. 8. Financing Type o If Other, provide details in the Comment field. 9. Buyer Type o Owner Occupant: Property will serve as buyer s primary residence. o Investor: Property that will not serve as the buyer s primary residence. o For a more detailed definition, please refer to the FAQ s in the Help section located on the right side of the form. o Offers from investors not using public funds period that are submitted during the First Look period will be rejected by the Fannie Mae. You will see a warning message when you submit the offer. However, the offer will not be blocked from submission, and the offer will be submitted to Fannie Mae. 10. Public Funds Usage o Buyer Not Using Public Funds o Buyer Using Public Funds: Acquisition assistance provided by a federal, local, or state government entity or non-profit organization o Public Entity Using Public Funds: A local, municipal, or state government agency o Other Entity Using Public Funds: Non-profit or for-profit partner organization 11. Buyer Representation o In-house: Selling Agent is affiliated with the same brokerage as the Listing Agent o Co-Broker: Selling is not affiliated with the same brokerage as the Listing Agent 12. Has Buyer Been Prequalified? o Select Yes, No, or Unknown. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 16
13. Does Buyer Own or Rent Their Current Residence? o If Other, provide details in the Comment field. 14. Earnest Funds Amount 15. Closing Date o A calendar will pop up to assist with selection. 16. Contingency o Enter contingency, if applicable. o 1000 character limit 17. Comment o If fields 5, 7, 8, or 13 require comments, enter them here. o 1000 character limit 18. Selling Broker/Agent o Information is from your profile. o Company Name, phone, and fax numbers can be updated (for this offer only). 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 17
Offer Review Read the Offer Review page carefully to verify that the offer information is accurate. Click Edit if the information needs to be changed. Click Continue when finished. You can click Cancel (in the lower right corner of the page) to cancel the offer. Data will not be saved. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 18
Terms & Conditions Read the Terms and Conditions, and then check both boxes. Click Continue when you are ready to proceed. You can click Cancel (in the lower right corner of the page) to cancel the offer. Data will not be saved. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 19
Upload Offer Documents In order for your offer to be submitted to Fannie Mae, you must upload the required documents before submitting your offer. Local or state sales contract or Offer Form Fannie Mae Real Estate Purchase Addendum Owner Occupant Certification (if applicable) Click on Download Template to obtain a blank form. For each document, click on Browse to locate the file on your computer, and then click Open. Confirm that the correct filename is showing, and then click Upload. Click I Verify to confirm and Upload. This is your final opportunity to either Cancel the offer or Save Progress & Exit (to complete the offer later, within 24 hours). Click on Submit and Confirm when ready to submit the offer with all required documents. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 20
Offer Confirmation Your offer has now been submitted. Print the confirmation page for your records. Click Go To My Offers when finished to open the My Offers page. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 21
Managing Offers Once you submit an online offer for a Fannie Mae property, the Listing Agent may respond to your offer in one of several ways. As a Selling Agent, you will be prompted to take action to respond to the Listing Agent. Overview of Process Flow After your offer has been submitted, the Listing Agent has a process to complete in order for you to receive a response to the offer. Here is a brief look at what takes place behind the scenes to help you understand more about how the offers are managed. Listing Agent enters each complete offer received into the appropriate system of record in accordance with Fannie Mae guidelines. Listing Agent can initiate a Multiple Offer round as soon as more than one eligible offer exists on a property. The Fannie Mae Sales Representative or Asset Manager determines the response on each offer and will never negotiate more than one offer at a time. Listing Agent rejects investor offers (not using public funds) made during the First Look period upon rejection by the Fannie Mae Sales Representative or Asset Manager. Listing Agent communicates the action on the offer (accept, reject, counter). HomePath Online Offers system automatically sends an email notification to the Selling Agent regarding the action taken. Selling Agents should promptl y respond to any request from a Listing Agent. HomePath Online Offers system automatically updates the offer status shown to the Selling Agent on the My Offers page. The Listing Agent has several options of action to take with the offer, and in turn the Selling Agent responds. If a Fannie Mae Then a Buyer s Listing Agent... (Selling) Agent may... Has not Revise the offer responded yet Rescind the offer Enters Revise the offer the offer in a Rescind the offer Multiple Offer round Keep the offer Receives the offer Counters Contact the Listing Agent the offer Counter the offer Rejects Revise the offer the offer Take no action Pre-Accepts the offer Accepts the offer Revise the offer terms Upload new files Contact the Listing Agent May not upload additional documents 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 22
My Offers All submitted offers are shown on the My Offers page, allowing you to monitor the status of each offer and respond to the Listing Agent s action on each offer. To reach My Offers: 1. Go to www.homepath.com 2. Log in to your account 3. Click on My Account or My Listings in the upper right corner 4. Click on My Offers Offer Information Offers are grouped by offer status, and these headings are described in the next section. Column labels can be used to sort offers within each group. Each offer will show the data described in the table below. Label View Offer Date/Time Amount Address Status (below address) Listing Agent Buyer Deadline Actions Description Link to view the offer itself Date and time the offer was submitted Amount of the offer Property address Listing status (Back on Market, Just Listed, Under Contract, etc.) Name of the Listing Agent. Click on name to see the contact information. Buyer s name When applicable, the deadline for your required action. Actions available to you (Revise, Rescind, Keep) 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 23
Offer Status Headings On the My Offers page, offers are grouped according to the offer status. The offer status and actions that have been taken on the offer will determine which actions you can take on the offer. Most changes to offer status will send an email notification to you (and/or the Listing Agent). If an action is required of you, it will be detailed in the email. Active Offers Active offers have been submitted and are awaiting review and/or action by the Listing Agent. Active Offers - Under Negotiation Active offers that are in negotiation. These may be awaiting response by you or the Listing Agent, but the negotiation process occurs outside of the Online Offers system (by phone, email, or fax). Negotiation terms are not recorded in the system, and additional actions are not required on the offer in the system unless negotiation concludes in Pre-Acceptance. If the offer is Pre-Accepted, you should Revise the terms and/or documents (if available) to reflect the final negotiated terms. Multiple Offer If multiple offers are received for a listing, a Multiple Offer round may be initiated by the Listing Agent. The highest and best offer is requested from each buyer by the deadline shown. You may Revise, Rescind (withdraw), or Keep the original offer. If you do not take one of these actions before the deadline, your offer will be kept as an Active Offer. The Listing Agent will submit the offer to the seller, indicating that you did not respond to the Multiple Offer round and the agent is submitting the original offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 24
Pre-Accepted Offer Offer has been accepted by Fannie Mae as materially sufficient, but the terms or documents on file in the Online Offers system need to be updated. The acceptance is subject to the terms in the Fannie Mae Real Estate Purchase Addendum. The agreement is not binding until it is signed by the seller, Fannie Mae. Click Revise and update the offer to reflect the final negotiated terms. Accepted Offer Offer has been accepted by Fannie Mae as materially sufficient, but the acceptance is subject to the terms in the Fannie Mae Real Estate Purchase Addendum. The Agreement is not binding until it is signed by the seller, Fannie Mae. Contact the Listing Agent to proceed with the contract process and next steps. Inactive Inactive offers are those that have been rejected (by the Listing Agent) or rescinded (withdrawn by you). Offers that can be revised and resubmitted will show the option to Revise. Offer Actions Revise Click on Revise to update the offer terms and/or uploaded documents. You can revise an offer more than once, if necessary. Revising an offer marks the original offer Inactive and creates a new offer with the new terms/documents. Terms and documents for an offer in negotiation do not need to be updated until negotiation concludes. Rescind Click on Rescind to rescind or withdraw the offer. Keep In a Multiple Offer round, the buyer s highest and best offer is requested. Click on Keep to keep the existing offer terms. Documents do not need to be updated. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 25
Email Notifications The following examples are automatically generated email notifications sent by the HomePath Online Offers system. Selling Agent New Account Creation Sent to the Selling Agent after the agent registers in the Online Offers system. Forgot Password, Changed Password Sent when a login link is requested, or the password is changed. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 26
Offer to Purchase Sent to the Listing Agent when the Selling Agent submits an offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 27
Multiple Offer Round Started Sent to the Selling Agent when the Listing Agent starts a Multiple Offer round or if the offer is submitted when a Multiple Offer round is underway. The Selling Agent needs to respond by the same deadline as the other participants. Note: If an invitation to participate in the Multiple Offer round is sent to an investor not using public funds during the FirstLook period, the agent should disregard it. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 28
Multiple Offer Round Ended Sent to the Listing Agent when the response deadline for the Multiple Offers round is reached. Offer Revised Sent to the Listing Agent when the Selling Agent revises an offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 29
Offer Rescinded Sent to the Listing Agent when the Selling Agent rescinds (withdraws) an offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 30
Counter Offer Sent to the Selling Agent when the Listing Agent counters an offer (begins negotiation). Offer Rejected Sent to the Selling Agent when the Listing Agent rejects an offer. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 31
Offer Pre-Accepted Sent to the Selling Agent when the offer has been accepted as materially sufficient, but the terms or documents on file in the Online Offers system need to be updated. The acceptance is subject to the terms in the Fannie Mae Real Estate Purchase Addendum. The agreement is not binding until it is signed by the seller, Fannie Mae. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 32
Offer Accepted Sent to the Selling Agent when the offer has been accepted by Fannie Mae as materially sufficient, but the acceptance is subject to the terms in the Fannie Mae Real Estate Purchase Addendum. The agreement is not binding until it is signed by the seller, Fannie Mae. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 33
HomePath Online Offers Transaction Terms of Use 1. The selling agent acknowledges that an online offer to purchase within the HomePath system is equally binding as an offer to purchase made on paper. 2. The seller reserved the right to accept to reject any and all offers to purchase and assumes no responsibility for any errors in the listing information. The seller is not responsible for errors, outages, connectivity or equipment failures that may occur during the process of the electronic transmission of an offer. 3. The selling agent acknowledges that all electronic messages provided by the HomePath online offer system are for the sole purpose of facilitating communication between the selling agents and the listing agents and the seller is not responsible for the content, accuracy, timely delivery or receipt of any electronic message provided to the selling agents or the listing agent by the HomePath online offer system. 4. The selling agent acknowledges sole responsibility for any documents uploaded to HomePath as part of the offer, whether the upload is done directly by the selling agent or by proxy by the listing agent. The selling agents is responsible for ensuring that the sales contract and the Fannie Mae Real Estate Purchase Addendum uploaded to HomePath as part of the offer are free of any additional documents, attachments or supplemental information of any kind. 5. The selling agent must have had the prospective purchaser sign the local form of the real estate broker/agent board sales contract and disclosures, and the Fannie Mae Real Estate Purchase Addendum, and must obtain an minimum of one (1) percent of the purchase offer amount earnest check (unless the buyer is using public funds) prior to submitting and offer in HomePath. 6. The selling agent will be notified via electronic mail if his or her offer is accepted. In the event of an accepted offer, two copies of the original signed sales contract and Fannie Mae Real Estate Purchase Addendum must be received within 48 hours of the notification. Please hand deliver or overnight (faxes are unacceptable) the purchaser sales package with original signatures. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 34
Frequently Asked Questions 1. Can a prospective homebuyer make an online offer on a HomePath property? No, only licensed real estate agents can make online offers in HomePath. Prospective home buyers should work with a real estate agent of their choice, or they can contact the Listing Agent of a particular HomePath property for more information. 2. Why doesn t every listing on HomePath.com have a Make an Offer button? HomePath uses a combination of location and status to determine whether a property is eligible for online offers. A listing with the status of Coming Soon or Under Contract is not eligible for online offers. Additionally, a property locked down for auction is not available for online offers. Please contact the Listing Agent if you have concerns about a specific property. 3. Is the Online Offers system the only means by which a Selling Agent can submit an offer? Yes. 4. Why do Selling Agents have to enter all offers in HomePath.com for Fannie Mae properties? The Online Offer system allows you to control offer submission, manage offers that are pending submission, receive confirmation when offers are submitted, and continue to receive updates as offer statuses change. 5. How do Selling Agents register for HomePath Online Offers? You register when you make your first offer on a Fannie Mae HomePath property on HomePath.com. HomePath will prompt registration and guide you through the process. 6. How do Selling Agents enter an offer to purchase in HomePath.com? Locate the property on HomePath.com. On the Listing Details page, click Make an Offer. Complete the fields that constitute the offer and upload the signed sales contract and Fannie Mae Real Estate Purchase Addendum. A completed and signed sales contract and Fannie Mae Real Estate Purchase Addendum are required to be uploaded before an offer can be considered by Fannie Mae. 7. I am buying a Fannie Mae property for a (son, daughter, mother, relative). They will occupy the property as their primary residence. Are they considered an owner occupant? A person is considered an Owner Occupant if they will occupy the property as their principal residence and are listed on the contract, deed, mortgage (if applicable). A corporation, LLC, or trust that purchases Fannie Mae property is considered an investor even if the intent is to occupy. If the house is purchased jointly, at least one of the co-purchasers on the contract, mortgage, and deed must be an owner occupant. Owner occupants can submit offers on Fannie Mae property and will be considered during the First Look period. Investor offers will not be considered during this period unless the investor is using public funds. 8. What does Under Contract mean? Under Contract indicates a property that is under contract or has an accepted offer that is pending, but the sale has not yet closed. 9. How can a Selling Agent ensure the offer is received by the Listing Agent? When a submitted offer is confirmed, you will receive a printable online confirmation (including the confirmation number) for the offer, and the Listing Agent will also receive an email offer confirmation notice from HomePath. You can always communicate directly with the Listing Agent following the online submission to clarify the offer terms or ask questions. 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 35
10. Does the Selling Agent have to upload the sales contract or offer form and the Fannie Mae Real Estate Addendum for their online offer to be considered? Yes. 11. What if I cannot upload the sales contract or offer form and Fannie Mae Real Estate Addendum for an online offer? If you are unable to upload the sales contract and the Fannie Mae Real Estate Addendum to complete your online offer, contact the Online Offers User Center at 1-866-218-4446 (Mon. - Fri., 9 a.m. - 9 p.m. Eastern time) for assistance. If the issue cannot be resolved, contact the Listing Agent for further guidance. 12. Does the Selling Agent have to respond to a counter offer via the HomePath Online Offers system? If offer negotiations conclude in an agreement, the Selling Agent will revise their online offer to reflect the agreed-upon terms. There is no need to enter each round of negotiations in the system, only the final agreed-upon offer terms. If you have an accepted offer, you will be prompted to update the offer terms in Online Offers via email when you re your offer is placed in Pre-Accept status. If the negotiation process does not produce an agreement, there is no need to revise the online offer. 13. Do I need to get permission from the prospective buyer to enter his or her offer information in HomePath.com? Yes. 14. Who do I contact if I still have questions? Click on the Questions button (see above picture), located on the right side of any screen within the HomePath Online Offers system, to access quick tutorials, additional guides and resources. For additional navigation or technical assistance, contact 1-866-218-4446 or visit http://www.homepath.com/offerquestion.html 2012 Fannie Mae. Trademarks of Fannie Mae FM 0912 36