1. Checkbook for deposit - plan on writing a check for at least 1% of the price. This check will be held uncashed until escrow begins. In most cases, the check will be written to "Prudential California Realty" unless an escrow company has been identified.
2. Credit report - the seller will want to see your middle FICO score from a report that was run within the last 30 days.
3. Pre-Approval letter - in most cases, the seller will want a letter or desktop underwritting approval from the funding lender due to the influx of "loan officers" that joined the ranks during the selling boom.
4. Bank Statement(s) / Proof of funds - especially in the case of an REO (bank repo), the seller will want proof that you have the money available for downpayment and closing costs. If the money is coming from a friend, spouse, or relative, you'll need to bring a copy of their statement along with a signed letter from them saying that you will give or loan the money.

All of these items will be submitted along with your contracts. Most banks will not even accept or consider an offer missing any of the items. While some sellers may be flexible on one or more of the items, it will make your offer look stronger by submitting all of the items above.

When coming to the appointment, give yourself at least 30 minutes to go over each contract and disclosure. If you have many questions, it can easily take over an hour.

Plan on the following contracts and disclosures being presented:

1. Buyer's agreement - our business concentrates on personal attention to all of our clients. We strongly encourage exclusive representation in order to serve your interests best.
2. Agency disclosure - this describes the different forms of representation that exist in a transaction
3. Purchase Agreement - often referred to as "an offer," this 8 page document details your price, terms, and schedule of your proposal.
4. Purchase Agreement Addendum - this agreement will be included whenever you have a second loan and/or you have additional terms that must be elaborated upon.
5. Disclosure and Consent for Representation of More Than One Buyer - this discloses that we have other clients that may be competing with your offer

If your offer isn't accepted or you change your mind and find another property, don't panic! You will only have to redo #3 above in most cases!

Especially in today's unstable market, there's a high chance your first offer will not work when trying to find the best deal. In this case, you'll need plenty of patience, time, and the right mindset. In the end, it will be well worth it -- this will most likely be your most expensive material possession you have ever owned.