Rob - As of 10:21PM today (Thursday), there are 15 two bedroom condos for sale on Americana Drive in the Fairfax Heritage subdivision of Annandale. They range in price from $190,000 to to $249,900, though some are short-sales or foreclosures. There is also one for rent at $1450 per month.
If you would like more information about any or all of them, just let me know. Also, if you would like a free CMA on your property and market conditions, please let me know.... more
I wish there were a 'blanket' answer to this one. However, when the bank is involved, this will vary. It depends on many factors, such as how skilled is the bank's negotiator? How many people does this pass back and forth through prior to going to the bank, etc., etc.? I have buyers who have been waiting on bank approval from a bank for a 'short sale'. We wrote a strong offer in January - and we are STILL waiting. As the buyer's agent, my hands are tied. The listing agent (for the sellers in 'short sale,') is the only one permitted to contact the bank's negotiator, and that's been less than amazingly slow, as that negotiator is quite lax on returning phone calls to the agent...SO - we wait...
I wish there were better news...sometimes this CAN go quickly...but it depends largely on the individual bank's policy/procedure in handling short sales and/foreclosures.
Best of luck to you!
Until all of the documents are signed by the lender they can and will accept another offer if it has better terms. You should talk with your agent about the time frame for response from a lender. I had a counter-offer accepted and all terms agreed to by Bank of America and it was another 60 days before we got the approval letter to be able to settle.... more
That would mean that there is a contingency on the contract. Not sure what the KO would stand for, but until all contingencies are wiped off, like financing, inspections, or lender approval, it will be like that. Then, it will likely go into pending status. At least thats how the Northeast FL MLS is... more