Things come up when the seller can't close on time. Liens, people on vacation who need to sign, improper notification, improper evictions and the list goes on.
If the buyers need to close on a specific day and cannot be patient for the seller to be ready they should not buy a bank owned property. Guess that could happen with any property, but I find it more often with foreclosures. I guess typically there is not as much pressure on the seller to sell. They have no personal stake.
Of course if the buyer is not ready to close for some reason, they need to understand they might pay a penalty for not closing on time. Sometimes $50-$200 /day. That is also likely out of their control.
The banks agent will not tell you how your offer looks or what to do to make your offer better. So don't drag your feet...make your best and final offer first! The buyer's Realtor will let you know how to proceed and don't forget that all important pre-approval letter from your lender or proof of funds for a cash transaction.
Pearland, TX 77584