Quote:
Originally Posted by manaboutown
That is not how it works as the lender as well as the owner must approve the offer and being bureaucracies they tend to take their time. An offer's three day time limit means nothing to them. They don't care. My point is that it is a good idea to first attempt to inquire of the lender about what they may be willing to accept so that if it is way out of line you need not waste your time. You can always make whatever offer you want of course.
Not that I claim to be an expert but I have gone through this a few times and bought REOs as well. Some have taken six to nine months to obtain a purchase agreement accepted by all parties concerned.
In negotiations it is of course usually better to get the other side to name a price first. We all know that.
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That long? Even if it’s been listed for 3 days short of a year? Seems they would want to get it off the books ASAP. We aren’t in any big rush, but don’t want to stand around that long.
Here’s the listing:
1837 Sanibel Ct, The Villages, FL 32162 | MLS #O5798167