What's right for one person might not be right for someone else.
If it's your heartfelt desire to own a single family home, and have that back yard.....then buy the best one you can find in your price range.
You can always add on/enlarge it, or make other improvements down the road.
If you're not sure about the idea of buying a town home.....then don't buy it!
It sounds like you're looking for the privacy and land that owning a home will give you.... more
Ideally you should request the extension prior to closing. Most banks don't have a problem with it, mostly because they make more money from it....extensions are not free. I recently closed a short sale and the bank granted the buyer a 30 day extension.... more
you need to work through the listing agent and request an extension. i have had no problem getting an extension when there's been a replacement buyer if everything else is good, etc. it's taken me 1-2 weeks to get "re-approval"... BUT, it depends on the bank, their policies, how long ago the SS was approved and if there is a pending foreclosure looming, as well. best of luck.... more
This is an ethical dilemma that we are encountering more frequently because of the length of time it takes for short sale negotiatiors to respond to an offer. On more than one occasion, I've had a client back out of a short sale offer because we found something better while we were waiting.
At the outset, we tell the listing agents that we recognize the length of time it will take to get a response, and that we reserve the right to keep looking. The listing agent conveys this message to the negotiator in the hopes that they will expedite the process.
But if you are serious about another property more than you are about the previous offer you made, you may want to issue a withdrawal.... more