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In my experience the 1st buyer rarely ends up in the house. The 1st offer gets the process going, gets the bank to order the appraisal. That buyer gets tired of waiting and the next buyer ends up with the house.
What is aggrivating is pending a property, getting an approval a few months later then the buyer does inspections and does not want the house due to a leaky fuacet. Or they found an REO and closed and moved in while you are trying to get the short sale approved and their agent forgot to let you know.
Now my sellers demand escrow up front and all time periods to begin once under contract, not upon bank approval. The buyer could be out the cost of the inspection but my seller has a lot more to loose than $300.00
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