Closing Dates on Short Sales

When making an offer on a short sale, your Realtor should establish a starting point and an ending point on a contract. You should never have a open ended contract EVER! If you only want to wait a certain amount of time or are not sure you want to commit to a longer timeframe, make your contract good for 60-90 days and so you can get out of it at any point for any reason. You can always extend the contract if you want! There can only be one purchaser of any property. A short sale is alway contingent on 3rd party approval…..the bank decides.