I dont think this is where we are at all. I think that many agents dont want to be upfront with some of their clients about the risks associated with their files if they even know to begin with. In my opinion it is doing the seller a dis service by advising them to sign anything over a 10 to 14 day financing contingency. Whats the point of EM if at the end of the day the lender can write a denial letter and the buyer walks away scott free.
My advice would be that 30 days is unacceptable and negates the point of even putting up the EM to begin with. If the buyers lender cannot take a look at the file and be confident there will be no problems then they shouldnt be out putting offers on houses in the first place.... more
Do a seperate tight hard nosed CMA on both options. Present them both to the Seller and let them decide. Their decission may end up being based on something you do not know about. In the end its their money and time that really matters.
Good Luck .. Bruce Erickson... more