Home Buying in Massachusetts>Question Details

Diana Stalli…, Home Buyer in Massachusetts

how do i find out if a sale has to be approved by the court or executor is independent? I would like to

Asked by Diana Stallings, Massachusetts Wed Aug 13, 2008

this is an estate sale- my over asking price was denied because i put less money down than the other offer. i understood anyone can overbid in court. how much does the overbid have to be? a certain percentage? how do i find more info about this in massachusetts? thanks..........

Help the community by answering this question:


A bid isnt all about price, it also has to do with terms. Such as cash vs mortgage, amount being put down such as 5% vs 25% down, amount of depoosit $1000 vs $5000 and also contingincies, such as subject to home inspection, reviewing documents, a house to sell and last closing date, how quick can one close. All those are taken into consideration when evaluating offers. They like to see at least 1% of the sales price as initial deposit. Did you have an attorney or a buyer broker assiting you. either would be of great assitance in guiding you when making an offer.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Aug 13, 2008
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