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Real estate buying question.
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jdironman
Posted 5/12/2022 08:10 (#9657395 - in reply to #9657358)
Subject: RE: Real estate buying question.


Nw Iowa
Generally once someone accepts first offer than they have to go along with terms of that offer until financing approved or denied. Also a lot of houses sold with contingency’s like buyer has to sell his house first before closing. Many times those offer expire when someone else offers cash and first party can’t perform. So offer could have been written in different ways but generally if it is only loan approval than offer sticks. Realtors selling houses have a whole different mindset than farm realtors. Selling a farm 10 or 20% down non refundable, pretty much end of story, house realtors 500 down on 400000 house, things don’t work out refund down payment etc, etc. Selling houses is a cumbya, buyer can get out of a deal 10 ways and seller pretty tied up.
If buyer has went beyond the period he or she was allowed than I would guess a cash offer could do it.
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