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North Hills : Real Estate Advice

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  • Home Buying2
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Activity 2
Thu Jan 7, 2010
Dana Schuster answered:
Y ou can probably request an extension of your contract through your agent.The sellers will probably be willing to do this rather than lose the sale & have to start from scratch trying to get another buyer. This happens quite often--sometimes due to underwriting issues--i have had several new construction properties go for months past original closing date,due to seller/builder's inability to finish construction on time for various reasons. ... more
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Mon Sep 29, 2008
CamilleD answered:
I am not sure of your question but if you are asking if the
asking price on a foreclosure is the price of the home,
then the answer is yes and if there is a bidding war
it can go over that price easily.

Lots of foreclosures are priced way under market
value and prospective buyers offer all cash so they are first in line.
ahead of those who have to apply for a mortgage.
I hope this helped you out.

Camille Dandola, ReMAx, Bellmore, NY
... more
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