Are you going to be simply devastated if you don't buy this property???? If not, hold firm counter somewhere in between, but not their asking price. If the other offers were closer to asking price than yours, they would probably counter the closer to asking price offer first or the one with the least contingencies. - Tue Nov 4 2008, 19:56
you can only get a loan for the appraisal value??? Why would you want to pay more than it's worth??? I guess if you really love it and have the cash, go for it. But, if they take it to auction, you will probably buy it for less. To answer your question, if you can execute on the contract, the bank must also. - Fri Jul 4 2008, 21:50
Depends. If you will email or fax your contract, would be glad to review. I do know this...a seller cannot sign a contract for more than one buyer at a given time. They cannot sell their property to two buyers, right!!! Have an attorney look at your contract??? - Fri Jul 4 2008, 21:44
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.