I'm wondering if anyone knows what would happen if we let Hubzu's counter offer expire.

No highest & best, no counter offer, no acceptance, NOTHING.

My agent has told me that I should get an inspection done right away, but it makes more since to me to wait until I here back from the sellers bank before I put any money into the deal incase they come back with a counteroffer that doesn't fit my numbers. 

We offered $850K cash with no contingencies and were chosen with no counter offer.

WHat are counteroffer strategies? 

However, should the bank come back with a higher value and give you a counter offer the appraisal, should it be lower than what the bank is showing, will help you should you want to do a value dispute.

I do need to initial the counter offer tomorrow.Thanks!

I've never heard of them ever giving a counter offer.

You can never lower your offer but can raise it if the seller says no or gives you a counter offer. 

I'm a new investor and would love to hear your opinion on my 1st rental property purchase attempt in Southern California.The good:1. 4/2/2 1600 sf SFH with big yard;2. flipped house so everything is new;3. comps with ...