Posted on: 07th May, 2013 11:43 pm
Hello there… I am looking to buy a property. I found one bank owned property which is for sale at here is a home for sale at $240k. I don’t want to lose this property. But I want to offer a lower price. When I make an offer, am I the only one bound to the home? Or can others sweep in and steal it away? The realtor is stating we should offer $10k more to secure the property. But I want to get the best price possible and not lose the deal. What should I do?
Hi KPS,
An offer is only an offer. It is not binding on anyone unless there is a signed contract between both the parties. Thus, even if you make an offer, others can also place order and even buy the property.
Thanks,
Jerry
An offer is only an offer. It is not binding on anyone unless there is a signed contract between both the parties. Thus, even if you make an offer, others can also place order and even buy the property.
Thanks,
Jerry
Hi KPS!
Welcome to the forums!
As far as I can understand, the realtor is right in saying that you should offer $10k more to secure the property. This will help you in closing the deal successfully.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
As far as I can understand, the realtor is right in saying that you should offer $10k more to secure the property. This will help you in closing the deal successfully.
Feel free to ask if you've further queries.
Sussane
have you considered Refinancing??
