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Not deal with situations like that.
Give time sensitive offers only. It is foolish to put an offer on any property and be taken out of the Market for three months while the seller drags their feet. Better deals could be coming by, that you can not offer on, because you are tied up with a contract, that is neither approved nor declined.
Learn when you're being gamed, and your chances of being a sucker greatly diminishes.
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Hi,
I put in a short sale offer in early July. It has been dragging for 2 months and still waiting for the response from the bank. I went with the listing agent so she can pull some string for me. Although my offer already factored in the downward change in the market, but nothing is for sure. What if the bank drags this on for 3-6 months and my low offer becomes a high offer(please forgive this subjective term) after 6 months because the market collapses(cross the finger). How do you deal with this type of situation? Any advice is appreciated.
Thanks
Kim