help the lender.
When drafting this, think of it as a final agreement, even though it is opening up the back and forth.
YOU MAY GET BEAT OUT DURING THIS S G THIS STAGE
Even if the owner takes down the property’s marketing, there is always the possibility of another buyer submitting a bid before the owner gets back to you. This is where complex negotiations can happen. A lot of times, the owners will just go with whoever offers them the most money. However, that isn’t the be all and end all. Other bidders could get worse loans than you, meaning they can pay less upfront. A lot of factors go into it. If you have a deep back and forth with the owner going on, and have your financing approved, they may make the deal even if other offers are bigger. Some owners want to get it done as soon as possible.
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