I just sold this property for full price. Only contingency was home inspection. Within Attorney review period, i am contacted and told that a mortgage was to be obtained thus they were inserting a mortgage contingency clause. I contacted The loan officer, he offered to give committment letter by Fri.
What would you do after being originally told and signed a full price cash sale contract- no banks -& house inspection contingency only to …now dealing with banks, surveys, appraisers, etc. On top of it all this is rural property and the bank is a metro bank.
Should I bounce the buyer or deal with it. I think I can get more $ for it if i offered financing on it. I own it outright so there are no pressing payments that need to be made. Or
Should i deal with it and guide the bank and company to completion of the contract. By guide i mean offer backup documents to back house value, improvements, own inspector, etc. by independent third parties- nothing illegal or funny.
It just went from a simple deal to a complicated one…What would you guys do.