Asked by Bobby Macaroons, Buford, GA • Thu May 31, 2012
My agent made an offer on my behalf on a short sale property. Asking price was 70k We offered 71k and we also offered that I would be responsible for the closing costs, in order to make the offer more enticing.
Few days later,they came back with a "counter-offer".
The bottom line is this: The Seller decided to go with a cash offer first. There is a concern that if the lender bank counters with 72,5 that the cash buyer might not be able to pay the closing costs and if his offer falls they want ours as a back up. They countered our offer at 72,5 though, and requested that the buyer would be responsible for all the HOA fees at closing.
Basically they countered my offer and if I accept it they would keep it as a "back-up" to the original. Not only that but they want me to pay for any HOA fees overdue. Seems sketch to me...
Any ideas why they would want to do this?
What would be some of my options in this case?
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