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Updated about 7 years ago,
Question about my accepted short sale offer...
Long story short the seller accepted my offer and now the deal has to be approved my the bank. The house was sitting since June with no activity and they dropped it $20k and I offered $7,000 off he new price. My offer is subject to the inspection. My question is: my offer was subject to an inspection and the sellers agent suggested I do one ASAP but I don’t want to pay for an inspection of the bank hasn’t accepted my offer yet. Then if they decline it, I’d be out my inspection money.
Can someone help me understand if I should be proceeding with the inspection before the bank accepts? Or is it ok to hold off until the bank accepts? I should also clarify that I am not working with an agent, just myself so kinda flying blind in some regards.
Thanks,
DM