Try and set a goal for when you would like to pull the trigger.3) At your age check into the first time home buyer incentive the banks offer.

If the bank approves, does that mean that the Buyer can assume our $2.45 million loan at the same rate??

It's much easier to influence an appraiser who only has to answer to you (the person paying him) rather than justify the value to a bank.

He will pay it back plus the interest the bank is charging the parents.

My bank statement is one to two pages at the most. 

If you have $20,000 in the bank,, why would you borrow $20,000 at 2% interest?

Which banks or credit unions are offering the best deals? 

Keeping the money would take at least 90 days or more to redeem, because on Friday I learned that: "Timeline- could be as early as 90 days to close given we are working through bank equity review requirements and working through a slip and fall who is suing the GC so working through that issue as lender needs comfort on that issue.

Should I ask for his bank statements?

I believe the greatest security you could put in place would be to take a 2nd position lien on the property behind the bank her financing is coming from.