All Forum Posts by: Riq H.

Eric, Thanks very much for the clarification. So based on what you said, a shorter loan contingency period has no bearing on the strength/value of the offer (when evaluating which offer is the best). ?

Thanks again!

I am the seller and the buy has not removed his contingencies by the specified date. I had already granted a 10 day extension and his loan has not been approved nor has he removed the loan contingency by the extended date. Assuming the standard California Realtors standard Purchase agreement, Am I entitled to collect his deposit? My realtor says I am not and If we issue a notice to perform we will not collect the deposit which doesn't make sense to me.

I am the seller and the buy has not removed his contingencies by the specified date. I had already granted a 10 day extension and his loan has not been approved nor has he removed the loan contingency by the extended date. Assuming the standard California Realtors standard Purchase agreement, Am I entitled to collect his deposit? My realtor says I am not and If we issue a notice to perform we will not collect the deposit which doesn't make sense to me.