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12-22-14 Ok they came back with a counter offer today and I re-counter their offer- almost like playing tennis, but hopefully we will come to a conclusion. I hope a positive one- but if not- I am prepared to roll
I wonder how long a counter to the counter takes? In real people time it is usually days but a bank ??any ideas? or experience?
Sat- Dec 13- realtor emailed me- the bank responded after she submitted my offer to their counter -wanting for her to send comps? I guess they are entertaining my offer- but I would think the comps would come from the " negotiators" I don't know, but if they want more info -I guess that is good-
Sat- Dec 13- realtor emailed me- the bank responded after she submitted my offer to their counter -wanting for her to send comps? I guess they are entertaining my offer- but I would think the comps would come from the " negotiators" I don't know, but if they want more info -I guess that is good-
That's positive (asking for comps). Sounds like you're close to getting approval assuming there are comps reasonably close to your counter. How far apart are you at this point?
you know it all a secret-I have no idea what BPO was and they wont say-- seller owes about 138K the house was on the market for 109k and I offered 103k- they countered at 115k- and I re-countered back at 108,500 and they asked for comps the next day/ houses go from $65 to $200k in the area -another very similar house just went "pending" for $99K two blocks over -so I think I am on the money. Most homes around here dropping in price - I have 50 to look at if this goes south in the same price range and area. should be done with this part next week- I hope
ok surprise- surprise bank responded - yippee ya yey!! they accepted my counter offer with 4% closing help and going Fannie Mae with my credit union'
from Oct 1- to Dec 15 woh - it is possible -- plan to close Feb 12- I think both side have pretty clean paperwork no side stuff -so now to figure how Fannie looks at homes- I know FHA was picky?? but have NO clue about he Fannie Mae people.
Does your house has renters? When are they going to vacate your property? Do they have a contract?
I am puzzled and don't understand the need of playing this games when each party starts from their price range to meet in the middle. Such as waste of time. With this practice offering fair market price might hurt buyers because seller's lender will expect them to meet in the middle and gave more. Until these games are over, start on the very low end people!!!
my house had a visitor but not sure if they are still there
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but hopefully we will come to a conclusion. I hope a positive one- but if not- I am prepared to roll
