Asked by HomeBuyer, California • Fri Feb 29, 2008
My husband and I put in an offer on a short sale for 10% less than asking price with a 20% down. We have no contingencies and want to close right away. There were no other offers before ours. We recently found out there might be a higher offer coming in with a 10% down. I hear the offer is only slightly above ours but I am not positive.
How can we make our offer appear more attractive to the bank? Will a higher down payment (increasing our down to 30%) help with our offer and increase our chances of getting our offer accepted?
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