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Updated about 3 years ago on .

User Stats

199
Posts
124
Votes
Susan K.
  • Real Estate Agent
  • Palm Beach Gardens, FL
124
Votes |
199
Posts

HELP - Bank Owned Prop - what to put for time/date offer acceptan

Susan K.
  • Real Estate Agent
  • Palm Beach Gardens, FL
Posted

Hi Everyone,

When buying bank owned properties what do you put on the contract for time/date for acceptance of offer?  I have no idea when the bank will look at the multiple offers going in on this and the Banks realtor I'm sure will not know either.  He doesn't answer the phone anyway.  (Should I give them 2 weeks?)

Also, what do you put for closing date?  Cash deal so I can close anytime.  Should  I say on or before  blank date?  Just pick a date 45 days out?  

Need suggestions - I'm doing the contract now.

Thanks