One must be patient…but how patient, when dealing with the negotiations of short sales and bank owned properties?
A month or two…perhaps…
What about 8.5 months?
A bank in Florida took over 8.5 months to respond to a full price asking offer from a prospective buyer.
In the 8.5 months the unit has been destroyed due to water damage.
Needless to say the deal fell apart.
There is a record number of foreclosures coming onto the market daily.
Bank owned and short sales offer buyers wonderful opportunities to purchase property at low prices. They just need to remember to have patience.
Good things come to those who wait.