Question Details

Penny, Home Buyer in 10704

A short sale home for 199,900. I offer 155,they want 193,500. i offer 165 final offer they say bank must

Asked by Penny, 10704 Sat Jun 21, 2008

approve. home needs work in and out,what is my next move.

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All short sales must be bank approved. In this case, you have made an offer, rejected a counter offer, and made your own counter offer. The ball is in the seller's bank's court. You can either wait it out - and be prepared for a long wait - or withdraw your counter offer and walk away. Short sales are notoriously time consuming - with no definite timeline. If you are in no hurry and think the offer is a good one, I would wait it out.
1 vote Thank Flag Link Sat Jun 21, 2008
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