Hey guys I am only a couple minutes away from helping a couple of my clients write an offer. I do however have a problem. They are making an offer on bank owned property and want to write in a contingency upon their home selling. I have talked with the bank and believe it or not they said they would entertain and possibly accept as long as there is a 48 hour kickout clause attached. Wow I thought that was awesome.
I talked to the buyers earier and I was excited, only for them to tell me they did not want to give the bank a kickout. I told them the bank would not accept the offer without this and they said they were looking out for themselves. What do you think I should do?
I have had several people lately want to make offers and most of them with contingencies. They don't want to list their home until they have found one to buy, this makes it really hard on us REALTORS®. It is hard enough to get a home 'sold' right now much less having to sell one in a week or two so another contract will go through.
Well I have to go. I will let you know how it goes.