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Jim Foley, Real Estate Pro in Ludington, MI
Jim Foley answered:
How much lower can a buyer typically offer the seller on the price of a short sale property? Is there a good rule of thumb?
A "good rule of thumb" is to talk to an experienced broker/agent and discuss with them. It often depends on many variables they can help you with and may include such things as how man ... more
0 votes Share Flag Mon Aug 4, 2014 Home Buying in Free Soil
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
What does "subject to third party approval of short sale mean"?
The bank has to approve the sale as they're the one losing money on the deal. It's considered a contingency in most contracts, much like an inspection contingency. All short sales will ... more
0 votes Share Flag Mon Jul 2, 2012 Home Buying in Free Soil
Martin Popp, Real Estate Pro in Howell, MI
Martin Popp answered:
Is seller required to repair failing septic after 14 months of sale?
Hi Cablegirl163

When purchasing a home you should have had an inspection clause in the PA for the home and the septic field. It is best to always have the home inspections done no m ... more
0 votes Share Flag Fri Jun 22, 2012 Home Buying in Free Soil
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