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Gaastra : Real Estate Advice

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Activity 2
Mon May 1, 2017
Sally Grenier answered:
You don't. Maybe I'm not understanding your question or your situation. Maybe you need to have your Realtor explain the process to you. Nobody should be collecting $$ just to make an offer. However, when your offer is accepted, you have to put down earnest money, which gets put toward your downpayment and/or closing costs. ... more
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Tue Nov 2, 2010
Kevin Olson, Jessica Laude answered:
This scenario sounds like a short sale that the bank stated was listed too low to begin with. I would advise you to get a buyer's agent to help you, this normally will not cost you anything... normally.

Making an offer is a starting point, but be aware that what you are considering offering is already below what the bank said no to, and waiting for an answer from the bank can take a LONG time. Making a solid offer the first time around will save you a lot of time and stress in the transaction.

Good Luck,
Kevin
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