So if it were me I would gracefully accept his notice and allow him out of the lease with 30 days notice 

But I'd imagine there needs to be some value to back up your reduction for it to be accepted.

@Jerry Brecko most likely the seller not wanting to extend means the offer from someone else he's planning to accept is equally as strong as yours, if not a better offer.

Hey BP Nation,TL;DR: Do banks really expect $350k seasoned in an account to accept an offer on a short sale?

After having the contract signed, I’d put it up on the MLS and market it there for full value and only accept cash offers with a non-refundable deposit; instead of selling it off market to another investor who will give me nowhere near full value.

It has been a few days since we submitted the offer and are approaching the deadline we also put in on the offer.Does anyone know if they sometimes take a few days to get back (most likely waiting for other offers) or if they simply do wish to accept our offer or if there actually is other offers. 

I am looking at a four plex that I currently have an accepted offer on at $160,000; 40,000 down with the balance carried for 17 years at 5% no balloon.

We found a house that has an accepted offer on it, but that offer has a contingency that the Buyer first needs to sell their current house before they will close on the new house.

The first, when I informed him it was priced $75,000 over market value based on the comparables, he said 'Since its a lease option, someone will accept it.

If you go this route, you'll have to stop accepting rent payments too.All of the Florida Statutes are online; I have them bookmarked and consult them as necessary.