Question Details

P.corcoran, Home Buyer in England, AR

hi i have put a offer on a bank owned house i put $5000 down i am waiting to see if my offer is acsepted

Asked by P.corcoran, England, AR Sat Dec 13, 2008

when should i get the lawyer involved and shuld this be diferent lawyer to the banks thank you paul

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2
If you use a lawyer it should not be the banks lawyer also.

How long did you give the bank to accept the offer? If that time has passed and they haven't responded then tell them you want your escrow back.

But where is the real estate agent in this?
0 votes Thank Flag Link Sat Dec 13, 2008
Hi. P.Cocoran,
Okay so you put gown a very large amount for what reasons? Are you paying cash for the house? Are you thinking that a large amount in deposit will get you the house? The fastest deals seem to be cash buyers and those a Real Estate Agent wrote the contract that a bigger depoit would be palced if contract excepted. Please make sure you are allowed to have all the inspections a bank would want you to do for peace of mind. A thorough building inspector will tell you if anyhting is wrong and approximately how much it may cost to fix it. Do not jump to fast at someof these deals. You may be in for a shock after you get in it.
0 votes Thank Flag Link Sat Dec 13, 2008
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