What can I do if I know there is an agreement between seller and buyer about moving out? the buyer offer the seller 6 months to close...

Asked by negritabf, 06468 Tue Oct 16, 2012

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The Medford…, Agent, Fremont, CA
Thu Oct 18, 2012
Let it go and move on.

1 vote
Pacita Dimac…, Agent, Oakland, CA
Tue Oct 16, 2012
I see that you've asked this question in a different way.

Since in your other question you were referring to a short sale...

Your agent, if he is seasoned and experienced about short sales should have explained this to you.

Regardless of whether or not you can close escrow sooner is not the issue here. Short sales will take longer to process, anywhere from 3 to 6 months, or even longer. It's not a matter of the owner staying longer at the house. It's when the seller's lender approves the short sale price, terms and conditions.

Furthermore, the seller can choose whichever offer he wants, especially one that has the best chances of being approved by the lender --- and sometimes, those chances are vastly improved when the offer is the highest. That's because the bank would want to get the highest possible offer since the bank would want to recoup as much of its investment as possible in a property that is being sold for less than what is owed on it.

But please discuss this with your agent. If he is not knowledgeable about these matters, perhaps you should get another agent who can better help you and explain what a short sale entails.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Tue Oct 16, 2012
Price, terms and conditions are important elements of any sale. Sounds like your offer did not contain the terms and conditions MOST appealing to the seller.

The conversation that ensues in the home purchase negotiations is a well crafted dance. Your real estate professional had the opportunity to assess the situation of the buyer and advise you accordingly. Too often such advise falls on ears that don't hear. You do have options. Let your real estate professional advise you regarding these options.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group

First Look SFH: http://youtu.be/PumYpkgybXE
Big Water Condo: http://youtu.be/MlbWIzbGlsU
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