buyers and sellers of short sales: It's an Offer!....But is Just Any Offer Good Enough For a Short Sale??
- 06/23/10 04:50 PM
Am I wrong in thinking that just getting any offer is no longer good enough for our Short Sales?? I currently have a couple of Short Sales we received offers on but nothing that held the Buyer accountable nor showed that they were serious Buyers. It was really more like, let's just cast a net out there and see if we can get lucky! You know the offers....offers that come in without an EMD, no Bank Pre-Approval letter, requesting a quick closing, 45 days (seriously??) no inspections until Lender Approval, Seller to contribute 6% of Purchase Price towards closing costs etc.. … (9 comments)
Jenison MI and the Greater Grand Rapids areas, real estate related information including houses for sale, rent and Buyer/seller tips from Therese VanderMeer FlexIt Realty.
Am I wrong in thinking that just getting any offer is no longer good enough for our Short Sales?? I currently have a couple of Short Sales we received offers on but nothing that held the Buyer accountable nor showed that they were serious Buyers. It was really more like, let's just cast a net out there and see if we can get lucky! You know the offers....offers that come in without an EMD, no Bank Pre-Approval letter, requesting a quick closing, 45 days (seriously??) no inspections until Lender Approval, Seller to contribute 6% of Purchase Price towards closing costs etc.. … (9 comments)
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