We are the hopeful buyers in a ss in NJ. BoA sent us an counter offer of 285K with 3K seller cash contribution after our intial offer of 285. The seller is bankrupt, so we are responsible for the 3K. From the advice of the attorney, he said they will accept less, so our offer was 285K and 1,500K cash. They came back with 300K and 1500K. We countered with 285 and 3K. And so the back and forth goes...they came back with 295K and additional water and sewer liens. We countered back saying we are willing to take care of the liens etc.
My worry is our contract with the seller is up as of Nov. 19th. Our realtor said we can sign an addendum which will keep us as the only buyer. However she keeps telling us how she has 2 other offers on her desk and the one is a previous buyer who walked because he didn't want to wait it out. He hasn't found anything that compares to this house so she said he is being persistant. We are trying to do everything to protect ourselves so that we get this house-but looking for advice here- is there anything we can do or ask our realtor to do to insure the house does not get away from us? She tells us we are close, be paitient, but thats all.
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