Asked by adeline.monzier, New York, NY • Wed Apr 17, 2013
We are about to buy a condo in Manhattan/Harlem.
We have an accepted offer, a pre-approval letter from the bank, 24% down payment and we should sign the contract within days.
BUT we have a problem with the 10% deposit : our down payment is coming from France (we are a French family, we are permanent residents in the US). And it takes a long time to transfer such a huge amount of money. We will have documentation proving the transfer at the signature of the contract, but not the funds, we should have them in the next week or 10 days.
How can we prove our good faith without this deposit? We would be able to put a 2,7% deposit with our US savings in the mean time, and complete as soon as the French money arrives of our US bank account.
We are afraid this will jeopardize the deal, even if 's a matter of days...
Any tips/recommendations are welcome .
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