There is a reason that Lenders list their properties for sale "As Is As Seen" this means they may be unwilling to do anything to the property to get it up to snuff. You may be buying a Lemon or a Diamond in the Rough.
The process is rarely smooth as the seller which is a company needs to sign the Purchase and Sales agreement after it has been negotiated. This typically takes some time. Negotiations may take even more time.
Properties can be winterized so you have to get the systems operational prior to home inspections and appraisals.
You also have to watch out for penalties for not closing on time.
Great deals to be had if you are patient and prepared.
For more information about avoiding these pitfalls contact me through my website at: http://www.new-hampshire-home-mortgage.com
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