Seller Limitation Buy For College
Description
How to fill out Notice To Merchant Seller Of Limitation Of Time For Rejection Of Additional Terms?
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FAQ
A request for the highest and best offer can occur in real estate when a seller receives multiple offers during the sale of their home. The seller might request interested buyers to submit their highest offer with their best terms, allowing them to choose whichever one they like best without engaging in negotiations.
Contingencies can include details such as the time frame (for example, ?the buyer has 14 days to inspect the property?) and specific terms (such as, ?the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%?).
One way around a financing contingency could be to apply for a bridge loan or use a service like HomeLight Cash Offer, which makes an all-cash offer on your hopeful home on your behalf. These options turn your financed offer into a cash offer and allow you to eliminate the financing contingency completely.
The home seller may counter with a higher price than the buyer's original offer, but lower than the original asking price. If the buyer thinks the price is still high, they could counter it.
Considerations for Sellers A home sale contingency can be risky to sellers because there is no guarantee that the home will sell. Even if the contract allows the seller to continue to market the property and accept offers, the house may be listed ?under contract,? making it less attractive to other potential buyers.
