Yesterday, clients of mine wrote an offer on a Danbury, Connecticut townhome they hope to buy. The property is being sold as a short sale, which means the sellers owe more than what the property is worth in its as-is condition in today's market.
We wrote a solid offer. Of course, another offer came in the same day.
I've warned my buyers on the issues they will now face with attempting to buy a short sale:
- We will probably wait about 4-6 weeks before learning if the bank will accept the offer. I've waited as long as five months on others.
- The sale will be strictly as-is - the sellers will make no repairs.
- If it goes through, they will be buying a home they like at a very, very fair price.
So now the waiting has begun.
Hopefully they will have the needed patience!
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale
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